SEC’s peak power load hits record high

Updated 13 September 2015
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SEC’s peak power load hits record high

ALKHOBAR: Saudi Electricity Co.'s (SEC)'s peak electricity load hit its highest level ever in August driven by local demand for power during the hot summer, the Gulf's largest utility said on Sunday.
SEC's peak load rose by 10.2 percent to 62,260 megawatts (MW) from 56,547 MW a year earlier, SEC said in a statement.
The state-run company this summer commissioned 4,516 MW of additional power generation capacity by building 22 new power transfer units and facilities, SEC Chief Executive Ziyad Al-Shiha was cited as saying in the statement.
Saudi Arabia, the world's top oil exporter, burns a significant amount of its crude oil for power generation.
Rising domestic power consumption threatens to reduce the amount of crude available for export.
Crude oil used to generate power surged to 894,000 barrels per day in June.
To meet the Kingdom's power demand, which is growing at 6 to 8 percent annually, SEC currently spends SR40 billion to SR60 billion ($10.7 billion to $16 billion) a year.


South Korea: Japan dispute to hit global technology companies

Updated 17 July 2019
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South Korea: Japan dispute to hit global technology companies

  • Japan’s steps are inconsistent with World Trade Organization principles, South Korean government source says

SEOUL: Export curbs Japan imposed in its dispute with South Korea will adversely affect global technology companies and hurt the operations of tech giant Samsung in the Texas state capital of Austin, a South Korean government source said on Wednesday.
Japan’s steps are inconsistent with World Trade Organization principles, but South Korea wants to resolve the dispute through dialogue, the source told reporters in Seoul, speaking on the condition of anonymity in order to discuss negotiations.
If Japan goes so far as to drop South Korea from its “white list” of countries with minimum trade restrictions, it would cause a “tremendous amount of problems,” the source added.