Saudi Electricity inks cooperation deal with Germany’s RWE

Saudi Electricity Co. (SEC) has signed a memorandum of understanding (MoU) with German utility company RWE to exchange expertise and cooperate on the development of power projects.

The initial agreement was inked by Mohammed Al-Anzi, head of eastern power generation at SEC, the utility said in a statement.

The move comes in line with SEC’s plans to strengthen cooperation with international energy companies, Al-Anzi said.