VOL. XLVI

No 31

04-August-2003

SAUDI ARABIA

Electricity/Water Company Takes Steps Towards Power/Water Privatization

The Saudi Electricity and Water Company (SEWC) on 23 July announced initial steps for the privatization of two power/desalination projects at al-Shuaiba and al-Shaqiq. SEWC was established in May to buy electricity and desalinated water from private sector projects for distribution to consumers (MEES, 26 May). The company is a joint venture between two public sector institutions:...