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Saudi Electricity Company (SEC)

Saudi Electricity is a publicly listed company headquartered in Saudi Arabia and 81.22% owned by the government of Saudi Arabia. In 2019, its revenue was US$17.34 billion and installed capacity was 53.53 GW. It has a monopoly on the generation, transmission and distribution of electric power in Saudi Arabia through 45 power generation plants. It does not have any low-carbon electricity generation capacity.

Ranking position
#45/50
Performance score
2.6 /20
Narrative Score
E
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

0.0 / 4.0 #33

Material Investment

1.6 / 7.0 #35

Intangible Investment

0.0 / 2.0 #19

Management

0.0 / 4.0 #44

Policy Engagement

0.0 / 1.0 #48

Business Model

1.0 / 2.0 #29
Total 2.6 / 20 #45

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Saudi Electricity is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. Projections for the company’s emissions intensity show that it is going to fall further behind on its pathway for emissions reductions. No emissions reduction targets are in place to reverse this trend. Locked-in emissions are projected to exceed the company’s decarbonisation budget. The lack of climate governance, low-carbon transition planning and scenario testing all suggest that Saudi Electricity will continue to diverge further from the Paris goals.

Progress towards the Paris Agreement

More about the company

Headquarters
Riyadh, Saudi Arabia
Ownership structure
Publicly listed, with 81.22% owned by the government of Saudi Arabia
Group revenue
US$17.34 billion (2019)
Installed capacity
53.53 GW (2019)
Website
https://www.se.com.sa/en-us/Pages/home.aspx