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Page added on August 28, 2012

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Kuwait : Natural gas provides half Saudi Arabia’s power generation

Consumption

Saudi Arabia’s power generation Forty-nine percent depends on natural gas and remaining from liquid fuels with renewable power resources accounting for a negligible share, reported the Kuwait Financial Center (Markaz).

As per the reports, situation is set to change as nuclear and solar power are increasingly seen as an option to satisfy the growing demand for electricity in the Kingdom.

Among the Gulf Cooperation Council (GCC), Saudi Arabia is the biggest investor in the power sector as the Kingdom strives hard to keep pace with the increasing demand for electricity due to population growth and a high level of urbanization.

The Saudi population is set to increase from the current 28 million to reach 31 million and 37 million by 2015 and 2020 respectively, based on estimates of the International Monetary Fund (IMF). 83.6 percent of the total population in the Kingdom, which is growing at 2.2 percent annually, accounts from Urban population. Economic development has immensely contributed to energy consumption in the Kingdom.

6 percent over the last five years at a compound annual growth rate (CAGR) is the power consumption in Saudi Arabia and is predicted to grow at a similar pace over the next few years.

According to the report, Diversification of the Kingdom’s economy is set to increase the share of the industrial sector in power consumption.

The generation capacity of Saudi Electricity Company (SEC) has grown by 2.5 times, Since its inception in 2000. The report says, Its capacity is currently over 40,000 MW. SEC sees a 46 percent increase in sold energy by 2016 compared to 2010 figures.

50-60 percent increase in the Total power transmission of SEC and total transmission lines have increased by almost 75 percent.70 percent increase in number of customers of SEC during this period, according to the report.

$ 100 billion (SR 375 billion) SEC plans to pump fresh of invesment to meet the growing demand for power.

An additional 30,000 MW of generation capacity planned by Saudi government as part of a plan to ramp up power generation capacity by twofold by 2030, the report noted.

Power Engineering Magazine



4 Comments on "Kuwait : Natural gas provides half Saudi Arabia’s power generation"

  1. Kenz300 on Tue, 28th Aug 2012 3:17 pm 

    Better to use the natural gas for power generation than to flare it off like they did in the past.

  2. BillT on Tue, 28th Aug 2012 11:43 pm 

    No news here…

  3. DC on Wed, 29th Aug 2012 12:22 am 

    The growth in population mirrors the growth in energy supply in S.A. At some point, the energy supply will stop growing, but the pop. will keep increasing. Then it all starts to go south…

  4. Max Reid on Wed, 29th Aug 2012 9:27 pm 

    They have plenty of sunshine and open space. Solar power is very ideal.

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