Electricity sector reflects Saudi progress towards energy sustainability | Omar El-Huni

Electricity sector reflects Saudi progress towards energy sustainability | Omar El-Huni

LONDON—The Saudi Electricity Company's recent moves showcase Saudi progress on the path to sustainability both in strategies and business practices.

The 2019 inaugural environmental, social and governance (ESG) report, titled “Empowering Future with Sustainable Energy” makes the case for this progress. The history of the SEC dates back to 1975, when the Saudi government created the ministry of industry and electricity to better organise and regulate its electricity sector. In 2003, that ministry was split into the ministry of water and electricity and the ministry of energy, industry and mineral resources. This lead to a five-piece divide of the country: central, northern, southern, eastern and western regions. With the exception of the northern region, the country's semi-private and private electricity companies were consolidated into what would eventually be known as the