Saudi Electricity says Riyadh capacity to be online by 2017

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State-run utility Saudi Electricity Co (SEC) plans to bring online more than 4,750 megawatts of natural gas-fired generating capacity in Riyadh between 2015 and 2017, the company said on Sunday. One power plant there, k**wn as PP10, will have an additional 1,150 MW operational from May 2015, SEC said. Riyadh accounts for about a quarter of SEC's customers. SEC will spend 622 billion riyals ($166 billion) between **w and 2023 on adding 40,000 MW of installed generating capacity and expanding transmission and distribution networks, chief executive Ziyad Alshiha was quoted as saying in March by state news agency SPA.

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