Faced with increasing consumer demand, the water and power sector is receiving a $37.5bn injection of state funding in 2014. These projects, chiefly in power generation, will be accompanied by a restructuring of the mostly state-owned power company that accounts for 85% of public supply. Electricity subsidies remain in place, with consumer prices near production costs, making them well below global levels. Considerable efforts are also being directed at reducing consumption and increasing efficiency of power use. Ambitious targets for renewable energy have been set, and there are considerable opportunities for investors as electricity expands.
Previous chapter from this report:
Energy, from The Report: Saudi Arabia 2014
First article from this chapter and report:
Unknown article
Cover of The Report: Saudi Arabia 2014

The Report

This chapter is from the Saudi Arabia 2014 report. Explore other chapters from this report.