Saudi Arabia needs to invest SR 330 billion over the next 10 years as demand for electricity continues to grow 7-8 per cent annually, the Kingdom’s Minister of Water and Electricity has said.
Abdullah Al-Husayen told an industry conference held recently that the water and power sector would need investments of SR 500 billion in the next 10 years, and that demand for water was growing by more than 7 per cent annually.
‘It is expected that the maximum power load will reach 75,000 megawatts in the next 10 years which means the need to invest around SR 330 billion to boost generation capacity and transmission and distribution networks,’ Al Husayen said.
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