Trade Arabia reported that the latest technological advances in the field of electric power production, transport and distribution will be the highlight of a major symposium to be held on May 9th and 10th 2011 in Riyadh.

Organised by Ubifrance, the French agency for international business development, in partnership with the Gimelec the event will feature put 16 leading French companies. After a morning session devoted to presenting their know how to the group of decision makers each company will take part in a session of B to B meetings.

A statement said that major Saudi firms such as Saudi electric Company, WEC, Marafiq, SWCC and private Saudi operators are expected to participate in the symposium.

In order to meet electricity needs in Saudi Arabia, increasing at a rate of 7% to 8% per annum, SEC has developed an USD 18 billion investment plan aiming at adding a capacity of 20,000 MW by 2018 in addition to projects planned by Independent Power Producers.

(Sourced from Trade Arabia)