Saudi power utility SEC increased its generating capacity by 2.04GW to 56.75GW in 2015, a modest increase at a time when consumption is rising rapidly. The state firm is looking to third parties for a big contribution to medium term capacity growth.

In the company’s 2015 annual report, published this week, CEO Ziyad bin Muhammad al-Shiha says the company now has access to more than 69GW of capacity from which to supply its customers.

But the 3.7% increase in SEC’s own...