SEC, Schneider sign MoU to optimize energy use

Saudi Electricity Co. (SEC) and France-based Schneider Electric have signed a memorandum of understanding (MoU) to provide SEC with high-quality products and financing solutions designed to optimize energy performance in Saudi Arabia, the two firms said in a statement.

The value of the deal was not disclosed.

“Such active cooperation will provide the consumer with reliable, safe and efficient power resources and increase the local content of electric materials used in SEC,” said Mansour Al-Qahtani, executive vice-president SEC (distribution and customer services).