SEC’S ‘ dispute’ with Aramco to be resolved soon
The financial dispute between the Saudi Electricity Company ( SEC) and ARAMCO is to be resolved soon following intervention by higher authorities, according to Ali Barrak, executive director of SEC.
Ali Barrak made his remarks during the graduation ceremony of more than 350 students from the Ghazi Al- Gosaibi Institute in Dammam.
The ceremony was attended by Abdul Halim Al-Naeem, head of SEC in the eastern region, and many of the company’s employees.
The SEC is said to owe ARAMCO an amount of SR 2.886 billion from 2000 to 2011, according to ARAMCO’s annual report.
Barrak said that the SEC does not interfere with power supply to factories or houses.
“This is the government’s responsibility,” he said, adding that it is the government that can make amendments and adjust rates through the Electricity Regulatory Commission and other related agencies. His company’s role is limited to providing services and charging approved rates.
“The company, represented by its board, officials and employees, works continuously to improve its employees’ income, try to meet its cadre’s aspirations and enhance the concept of belonging and loyalty between them and the company,” he said.
He added that 13,021 Saudis have graduated from SEC’s
13,021 Saudis have graduated from SEC’s training institutes so far and that the company is trying to develop its abilities and be a leader in human resource mobilization.
training institutes so far and that the company is trying to develop its abilities and be a leader in human resource mobilization.
With 29,000 Saudis, the company achieved 88 percent Saudization at the end of March.
He described technical employees leaving the company to work somewhere else as a loss to the company.
“Our only consolation is that they leave the company to work with companies that support our services, including independent production projects or other national companies”, he said.
Barrak said there will be no shortages in electric supply this summer, but did not dismiss the fact that there might be problems in transport and distribution networks, which can be solved quickly.