Under the supervision of the Ministry of Energy, the Saudi Electricity Company (SEC) signed a strategic memorandum of understanding (MoU) with the Indian company NTPC Limited to expand cooperation and exchange technical expertise in the electricity sector.
The MoU covers cooperation in power plant operation and maintenance, modernization and development, procurement, engineering services, and project management. It also includes joint initiatives in research and development of modern energy technologies.
The agreement also includes the establishment of a joint venture company to provide power plant services in the Middle East, along with plans for knowledge exchange and investment in new electricity projects.
This strategic partnership forms part of SEC’s ongoing efforts to strengthen international collaborations and leverage global experiences to support the development of the Kingdom’s electricity sector.
The Saudi Electricity Company is the largest producer, transmitter, and distributor of electric power in the Middle East and North Africa, serving more than 11 million subscribers. NTPC is one of India’s largest government-owned electricity companies, with a production capacity of approximately 77,000 megawatts from diverse sources, including coal, gas, hydroelectric, wind, and solar power.
