Schneider Electric and the Saudi Electricity Company (SEC) have signed a Memorandum of Understanding (MoU) to provide the Saudi Electricity Company with high quality range of products and solutions especially designed for the utility market.
The MOU was signed by Country President of Schneider Electric, Najib AlNaim and the Executive Vice President of SEC for Distribution and customer services, Mansour Al-Qahtani. It aims at cooperating and providing valuable financing solutions to the Saudi Electricity company to improve and optimize energy performance in Saudi Arabia.
Under the Memorandum of Understanding (MoU),Schneider Electric is committed to deliver its high quality range of equipment and solutions especially designed for SEC activities which includes generation, transmission and distribution of electrical power across the Kingdom of Saudi Arabia.
The MoU will also facilitate provision of services to different governmental, industrial, agricultural, commercial and residential sectors, and leveraging IoT to make life easier and collect real time information from the field to the enterprise level for asset management.
The agreement also offers additional energy management solutions to help reach the sustainability goals by reducing energy usage and improve safety, reliability, connectivity, and efficiency through comprehensive solutions that meet SEC needs and internship training for SEC fresh engineers.
“We are honored to have the opportunity to support Saudi Electricity Company in optimizing energy uses and performance. We are committed to serve the local market, especially the utility market with high-quality solutions to improve efficiency, safety and reliability,” said CEO of Schneider Electric, Jean Pascal Tricoire.
“Such active cooperation will provide the consumers with reliable, safe and efficient power resources and increase the local content of electric materials used in SEC projects as one of the most important objectives that the company has implemented for localizing the power industry, in the light of the kingdom vision 2030,” said Al-Qahtani, the Executive Vice President of SEC.