NTPC and SEC signs MoU for technical expertise cooperation in energy sector

State-owned NTPC Ltd. and the Saudi Electricity Company (SEC) have signed a strategic memorandum of understanding under the supervision of the Ministry of Energy to expand cooperation and exchange technical expertise in the electricity sector. The agreement strategically covers cooperation in power plant operation and maintenance, modernization and development, procurement, engineering services, and project management.

Further, it also consists of a joint initiative in research and development of modern energy technologies. The memorandum of understanding also includes the establishment of a joint venture company to provide power plant services in the Middle East, including the plans for knowledge exchange and investment in new electricity projects.

The strategic partnership is part of SEC’s ongoing efforts to strengthen international collaborations and leverage global experiences to support the development of the country’s electricity sector.

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