Saudi Arabia Targets Energy Efficiency, Renewables
By Nick Wilson in Riyadh
Saudi Arabia is preparing regulations that will allow firms, including Saudi Aramco, to sell power to the Saudi Electricity Company (SEC), expected to be effective by end 2013. Later they will be able to sell directly to customers and compete on price. The kingdom is investing in alternative energy to slow the increase in burning crude in power plants, as it prepares a massive...