A look at electricity generation in Saudi Arabia in 2019 so far
- Aug 13, 2019 6:25 pm GMT
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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.