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FinancialNews
07-01-18
Saudi power market restructuring to create SR15bn economic surplus
(MENAFN) The King Abdullah Petroleum Studies and Research Center (KAPSARC) released a new study that found restricting power generation sector joined with price reforms in Saudi Arabia to have the capability to convey annual aggregate economic profits of at least SR15 billion.
The research titled "Restructuring Saudi Arabia's Power Generation Sector: Model-Based Insights" had a model developed so as to simulate the launch of power-sector private generation companies as well as fuel price reforms to an energy equal of $3/MMBtu.
The surplus is predicted in the study to be generated from Saudi government's fuel subsidy savings as a result of the enlarged consumption efficiency and competitive generation.
MENAFN0701201800450000ID1096318899
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