Saudi Electricity Plans to Reduce Future Oil Use, Asharq Says
By Wael Mahdi -
2011-09-14T12:00:40Z
Saudi Electricity Co. (SECO) is investing 5 billion riyals (1.3 billion) in technologies that will allow it to increase output without burning more crude oil, Asharq al- Awsat reported, citing Chief Executive Officer Ali Al Barrak.
Barrak told the London-based pan-Arab daily that the company successfully raised energy efficiency at its PP10 power plant south of the capital Riyadh by 50 percent without consuming more crude oil. The state-owned utility will continue implementing this at other plants, the newspaper said.
To contact the reporter on this story: Wael Mahdi in Khobar at wmahdi@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
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