In building a global hub for renewable energy, the Kingdom aims to future-proof its economy by relying less on oil export revenues and attracting new… The total production of all electric energy producing facilities is 324 bn kWh, also 109% of own requirements.

Current sustainable policies, particularly those encouraging energy conservation, led to peak load savings of more than 871 MW in 2001, mainly as a result of collaboration between the Ministry of Water and Electricity and the Saudi Electricity Company. We want it to help us, you know, to develop our economy and develop the economy of the world. The first SCECO (SCECO-East) was created in 1976 (1396/97 AH). The energy system sees a net economic gain up to half a trillion 2014 USD from increased oil exports, even with investments in nuclear and renewables. It cost the global energy market almost two months of spectacularly low oil prices but, with the largest deal to cut production in history, Saudi Arabia has won the oil price war. It consumes 64 per cent less energy than typical office buildings in Abu Dhabi.There remain other significant indications of the progress of renewable energy in the wider MENAT region. With that in mind, the key goals of Saudi energy policy can be defined as2: 1. Saudi Arabia has moved forward in the implementation of energy efficiency standards on key sectors and end-uses linked to their energy saving potential. One of its aims was to achieve sustainable performance. So what is good for the wellbeing of Saudi Arabia should be good for the wellbeing of the world, too… we have to be realistic. Such increased difficulty and expense may indicate that Saudi Arabian oil fields have already peaked.For many years Saudi's ability to increase production of oil and stabilize price spikes led it to be compared to an international central bank and be called a "central bank of oil‘.The Kingdom's consumption of its own oil production has steadily increased and it now consumes about one quarter of its oil production (approximately three million barrels per day).Until 1973 the government did not receive a share of the oil drilled within its boundaries.

The alternative policies result in a transition to a more efficient energy system where nuclear and renewable technologies become cost-effective and produce 70% of the electricity in 2032. It is expected to create more than 400 job opportunities.His Excellency Khalid Al Falih, Minister of Energy, Industry and Mineral Resources, said:This was followed, five months later, by REPDO hosting the bid opening ceremony for Dumat Al Jandal, a US$ 500 million, 400 MW wind project and Saudi Arabia’s first utility-scale wind farm. Therefore, through the National Renewable Energy Program, the Ministry of Energy has pledged a commitment to extending its energy leadership through the deployment of renewable energy to meet electricity demand growth.

Saudi Arabia aims to significantly increase the contribution of renewable energy in its power energy mix, in order to diversify its economy, reduce emissions and eliminate the use of liquid fuels in its power system. Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has been awarded a 55 MWac solar project in Armenia that will power more than 21,400 homes in Armenia with clean energy.Tristan Higuero, COO East, meets Armenian Prime Minister Karen Karapetyan. Speaking at a briefing in New York after signing a memorandum of understanding (MOU) with Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdul Aziz, SoftBank founder Masayoshi Son suggested the project could create up to 100,000 jobs.Saudi Arabia is far from the only country to be making considerable progress with dedicated and concerted clean energy policies.

A new Vision for a cleaner energy mix. Antioxidant Mix - خلطة مضادة الاكسدة SAR 30.50 – SAR 122.00 BBQ Corn - ذرة باربيكيو SAR 11.00 – SAR 44.00 Energy Mix – خلطة الطاقة For many years the Kingdom of Saudi Arabia has been the world's largest petroleum producer and exporter. Typically, investment in energy efficiency is 1% of utility sales revenues, which for a country like Saudi Arabia could be $15–60 million annually. The Electricity Affairs Agency expanded the planning, co-ordination and regulatory roles for providing electrical services. The Electricity Corporation was established in 1976 (1396 AH) to coordinate the electricity plans contained in the Kingdom's Development Plan.