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A look at electricity generation in Saudi Arabia in 2019 so far

In its earnings call for the first half of 2019, the Saudi Electricity Company (SEC) revealed that the average thermal efficiency of generating plants in Saudi Arabia reached 40.22% (page 7 in the H1 2019 file). Back in 2011, it was around 32%. The company realized fuel savings of 8 million barrels of oil equivalent in H1 2019 over H1 2018, thanks to improving plant efficiency and plateauing electricity demand.

First half results for SEC are shown here: https://www.se.com.sa/en-us/invshareholder/Pages/AnnualFinancialReports.aspx

Gas turbine plants used to make up the majority of SEC's capacity mix, whereas now they represent a third of the utility's capacity. Combined cycle and high-efficiency steam turbine plants have gained share.

In its 2018 earnings call, SEC also showed diesel (yes, as a power generation fuel) was being phased out at a rapid rate. 

 

Walid Matar's picture

Thank Walid for the Post!

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Discussions

Matt Chester's picture
Matt Chester on Aug 13, 2019 6:48 pm GMT

How does the 40% thermal efficiency in Saudi Arabia compare with other nations in the region?

Walid Matar's picture
Walid Matar on Aug 14, 2019 4:05 pm GMT

I only keep track of power generation news for Saudi Arabia. 

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