Bloomberg News

Saudi Arabia Seeks Private Investors in Renewable-Energy Push

September 16, 2012

Saudi Arabia will seek private investment in its effort to develop solar power and other forms of renewable energy, the governor of the kingdom’s Electricity and Co-Generation Regulatory Authority said.

The country plans for solar projects to become operational within 10 years, Abdullah al-Shehri told a conference today in Riyadh. Saudi Arabia is restructuring its electricity industry and will allow more private investment in power generation, he said.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Bruce Stanley at bstanley5@bloomberg.net


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