Power sector to incur SAR 60 bln deficit by 2019: Saudi ECRA

17/10/2017 Argaam

 

Saudi Arabia’s Electricity & Co-Generation Regulatory Authority (ECRA) expects the power sector to incur a fiscal deficit of around SAR 60 billion by 2019, Al Hayat newspaper has reported, citing unnamed sources.

 

ECRA slammed the government’s power industry mechanism, describing it as being unclear and unsustainable. It also added that proceeds from the sale of power cannot cover the related capital expenditure.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.