Saudi Electricity Company reveals 2030 expenditure details

Saudi Electricity Company reveals 2030 expenditure details

Saudi Electricity Company (SEC) is planning an SR472bn ($126bn) capital expenditure programme over the next six years to enhance the kingdom’s power generation, transmission and distribution infrastructure and to meet future demand growth.The largest component of this spending drive is the transmission sector, with a planned investment requirement of SR351bn. This is split into five main elements:SR197bn for extra high voltage substationsSR110bn for extra high voltage and high voltage overhead linesSR17bn of high voltage substationsSR12.2bn of underground extra high voltage cablesSR14.8bn of high voltage underground cablesA total of SR116bn is envisaged for the distribution sector, comprised of SR98.2bn of underground cabling networks, SR15.9bn of overhead lines, and SR1.5bn for control and command centres.In total, the spending plan comprises:168 380kV substations292 high voltage transmission substations1,316 power transformers2,525 380kV gas-insulated switchgear (GIS) breakers3,065 high voltage GIS breakers48,210 kilometres of extra high voltage and high voltage overhead lines5,305 kilometres of extra high voltage and high voltage underground cablesJust SR6.2bn is dedicated to power generation projects. This comparatively low number is due to most new electricity production plants now tendered by the Saudi Power Procurement Company (SPPC) under the kingdom’s public-private-partnership (PPP) framework.SEC has been expanding and reinforcing its transmission and distribution networks in