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Saudi Arabia’s new electricity law came with the objective of improving the services provided to consumers and protect their rights, which will better achieve the public interest and the country’s development and economic goals, said Nasser Qahtani, Deputy Energy Minister for Electricity Affairs.
The new legislation is part of reforms that were previously announced in the electricity sector. It was aimed to address some of financial obligations of Saudi Electricity Co., and achieve the targets of Vision 2030, the official told CNBC Arabia TV.
The law is focused on ensuring the provision of secure and reliable electricity supply. It is also aimed to boost mega investments in the transmission network, so as to enable the linking to the renewable energy sources.
The Saudi Cabinet approved on Dec. 29 the new electricity law and the water and electricity authority statute. It also approved the statute of the State Properties General Authority (SPGA). The Kingdom’s digital economy policy was also endorsed, according to Argaam’s data.
What's your reaction about this news🥰𝙒𝙚 𝙝𝙤𝙥𝙚 𝙩𝙝𝙖𝙩 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚𝙙 𝙩𝙝𝙞𝙨 𝘼𝙧𝙩𝙞𝙘𝙡𝙚. 𝙋𝙡𝙚𝙖𝙨𝙚 𝙨𝙝𝙖𝙧𝙚 𝙞𝙩 𝙬𝙞𝙩𝙝 𝙮𝙤𝙪𝙧 𝙁𝙧𝙞𝙚𝙣𝙙𝙨 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚 𝙩𝙤 𝙤𝙪𝙧 𝙬𝙚𝙗𝙨𝙞𝙩𝙚 𝙗𝙮 𝙘𝙡𝙞𝙘𝙠𝙞𝙣𝙜 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙚𝙡𝙡 𝙄𝙘𝙤𝙣 (𝙇𝙚𝙛𝙩 𝘽𝙤𝙩𝙩𝙤𝙢 𝙤𝙛 𝙩𝙝𝙞𝙨 𝙋𝙖𝙜𝙚) 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙣𝙤𝙩𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣𝙨 𝙛𝙤𝙧 𝙚𝙫𝙚𝙧𝙮 𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙖𝙧𝙩𝙞𝙘𝙡𝙚.🥰
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