By: Transformer magazine

Saudi Arabia, Riyadh: Saudi Electricity Company (SEC) and India’s NTPC Limited have signed a memorandum of understanding (MoU) to establish a joint venture company focused on power plant services in the Middle East.

The agreement, signed at the Ministry of Energy’s headquarters in Riyadh, sets out cooperation in operation and maintenance, modernisation, procurement, engineering services, and project management. It also covers collaboration in research and development of modern energy technologies, highlighting the growing focus on innovation in the sector.

Senior officials attended the signing ceremony, including Assistant Minister of Energy for Electricity Affairs Nasser Al-Qahtani, Indian Ambassador to Saudi Arabia Suhel Ajaz Khan, and SEC CEO Khalid AlGhamdi. The MoU was signed by SEC Executive Vice President of Generation Abdulrahman AlRehaimi and NTPC’s Head of International Business Development Jatinder Singh Chandok.

The partnership is part of SEC’s wider strategy to enhance international cooperation and draw on global expertise to support the development of Saudi Arabia’s electricity sector.

SEC is an electricity provider in the Middle East and North Africa, serving more than 11 million customers across the Kingdom. NTPC, one of India’s largest state-owned power producers, operates around 77,000 MW of capacity from a range of sources, including coal, gas, hydro, wind, and solar.

By combining their expertise, the two companies aim to improve the performance and reliability of power plants while paving the way for future investment in new electricity projects.