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Saudi Arabia Seeks Private Investors in Renewable-Energy Push

Sept. 16 (Bloomberg) -- Saudi Arabia will seek private investment in its effort to develop solar power and other forms of renewable energy, the governor of the kingdom’s Electricity and Co-Generation Regulatory Authority said.

The country plans for solar projects to become operational within 10 years, Abdullah al-Shehri told a conference today in Riyadh. Saudi Arabia is restructuring its electricity industry and will allow more private investment in power generation, he said.

Link to Company News:{SECO AB <Equity> CN <GO>}

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Bruce Stanley at bstanley5@bloomberg.net

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