In an interview with Al-Arabiya, the head of the Khaled Fahd Al-Boaiz Holding Group, Khaled Al-Boaiz, spoke about accelerating the localization of energy efficiency and renewable energy technologies in Saudi Arabia with partners from Europe, China and India.
He said Saudi Arabia is working on installing smart distribution devices in the power grid, adding, “We are contributing to this project with an investment estimated at 350 million riyals in terms of distribution and smart power transmission.”
He added that with the completion of the intelligent power transmission system in the Kingdom, this allows the energy supplier to easily control the distribution of electricity between different regions according to the loads.
He said that in 2020, about 10 million electricity meters were installed locally in Saudi Arabia, and the share of Al-Baiz holding was about 1.7 million meters.
Al-Baiz indicated that the holding supplies the Saudi Electricity Company with more than 150 locally produced products in the Kingdom, which have been tested in international laboratories and centers.
