Saudi Arabia to establish national water and energy efficiency program
Saudi Arabia has announced it will establish a national program to optimise water and energy consumption. The program will review current policy incentives in place for the energy and water sectors, taking into account both economic productivity needs and inequality within society.
The announcement comes in the middle of major restructuring of the kingdom’s energy and water sectors, intended to support economic reform plans to wean the world’s largest crude exporter off its dependence on oil. Saudi Arabia aims to reduce electricity and water subsidies by 200 billion riyals (US$53b) and reduce non-oil subsidies by 20% by 2020.
In mid-2016, King Salman restructured the ministries responsible for handling water and energy policies. The King broke up the Water and Electricity Ministry and handed responsibility over to a new Energy, Industry and Natural Resources Ministry headed by Khaled al-Falih, chairman of state oil company Aramco.
For more information on Saudi Arabi’s new water and energy efficiency program, see full article.
latest updates
-
Schneider Electric to Invest Over $700 Million in U.S. Operations Through 2027 to Support Energy, AI Sectors and Job Growth
Schneider Electric to Invest Over $700 Million in U.S. Operations Through 2027 to Support Energy, AI…
read more -
Revolutionary Smart-Charging System Tackles EV Challenges
Revolutionary Smart-Charging System Tackles EV Challenges Georgia Tech researchers have developed a …
read more -
The Smart Grid Revolution: Wi-Fi HaLow's Role in Modernizing Connectivity
The Smart Grid Revolution: Wi-Fi HaLow's Role in Modernizing Connectivity Smart grids are evolving w…
read more
latest events
-
Asian Utility Week - Connecting Utilities Globally
- 09 Sep 2019- 11 Sep 2019
Asian Utility Week focuses on digital transformation and customer centricity. It continues to ...
read more -
ICSG Istanbul 2019
- 24 Apr 2019- 25 Apr 2019
7th International Istanbul Smart Grids and Cities Congress and Fair will be organized on 25-26 April...
read more -
Australian Utility Week - The Digital Utility
- 20 Nov 2018- 21 Nov 2018
Australian Utility Week (ASUW) is one of the largest combined Conference and Exhibition fo...
read more
The Global Smart Grid Federation (GSGF) is a global stakeholder organization committed to creating smarter, cleaner electrical systems around the world.
Copyright © 2017. All Rights Reserved
