Saudi Energy formerly known as Saudi Electricity Company (SEC) has announced significant progress in its power generation and infrastructure expansion programs, alongside record-breaking financial results for the year 2025.
The Company is currently developing a generation project pipeline under execution totaling approximately 24 GW. This includes expansion of existing plants, strategic partnerships in thermal and renewable projects, fuel conversion from liquid fuels to natural gas, rehabilitation of legacy units, and comprehensive life extension programs.
In 2025, the Saudi Energy–EDF Renewables consortium secured the 600 MW Samtah solar project. A Power Purchase Agreement was also signed for the 3.01 GW expansion of the Qurayyah Independent Power Plant. Additionally, two energy conversion agreements were finalized for Plants 13 and 14, adding 3.4 GW to the system.
The Company rehabilitated 10 additional generation units, bringing the total number of rehabilitated units to 45 and adding 2.1 GW of capacity. These efforts contributed to achieving a record 99% availability rate during Summer 2025. Phase I of the conversion of PP10 was completed, conversion works at Rabigh 2 commenced, and plans are underway to convert five more plants.
Saudi Energy also continued expanding transmission and distribution networks to support major national projects and industrial growth, while strengthening grid readiness to integrate renewable energy. By year-end 2025, 12.3 GW of renewable capacity had been connected to the grid. Battery energy storage systems totaling 8 GWh were commissioned and energized, with additional storage projects of 14 GWh under development.
The operational achievements were reflected in the Company’s financial performance. Saudi Energy reported its highest-ever operating revenues of SAR 102.2 billion in 2025, while net profit surged 88.9% year-on-year to SAR 12.98 billion, underscoring its strong growth trajectory and commitment to advancing the Kingdom’s energy transition.
