Saudi Arabia’s state power utility SEC appears to have shelved a long-planned break-up of its generating assets ready for sale to private investors. It instead now plans to expand its program of development of new capacity under independent power producer (IPP) projects.

SEC’s tardy 2018 annual report – posted on the company’s website last week – mentions restructuring, but not the drastic shake-up planned by state electricity regulator Ecra under which SEC’s generating assets would be split up for sale (MEES, 30 November 2018). (CONTINUED - 824 WORDS)