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Saudi Electricity Company (SEC)
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An integrated electric utility in Saudi Arabia

Founded in
Founded in

Company type Public Public ()
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TRL Range
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Saudi Arabia Saudi Arabia
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Updated by Cleantech Group on 09/17/2020

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Date Company
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Date Partner Type
01/07/2015
General Electric General Electric
GE has announced a partnership with Saudi Electricity Company for a 600MW hybrid energy installation plant in Duba, Saudi Arabia. This project will integrate solar with combined-cycle gas.
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Confirmed by General Electric
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IPO INFORMATION

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Description

Date Investors Type Amount
09/16/2020 Green Sukuk Green Sukuk (1)
Post-money valuation of
Funding will be used to finance smart meters and other green energy projects.
Project Finance $1,300,000,000
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