Schneider Electric, Saudi Electricity Company Sign MoU to Optimize Energy Uses
Posted by Schneider Electric on December 8th, 2017
Schneider Electric and the Saudi Electricity Company (SEC) signed a Memorandum of Understanding (MoU) to provide the Saudi Electricity Company with high quality range of products and solutions especially designed for the utility market.
The MOU was signed by Country President of Schneider Electric, Najib AlNaim and the Executive Vice President of SEC for Distribution and customer services, Mansour Al-Qahtani. It aims at cooperating and providing valuable financing solutions to the Saudi Electricity company to improve and optimize energy performance in Saudi Arabia.
Under the Memorandum of Understanding (MoU),Schneider Electric is committed to deliver its high quality range of equipment and solutions especially designed for SEC activities which includes generation, transmission and distribution of electrical power across the Kingdom of Saudi Arabia, provide services to different governmental, industrial, agricultural, commercial and residential sectors, and leveraging IoT to make life easier and collect real time information from the field to the enterprise level for asset management.
The agreement not only builds on an already productive relationship between Schneider Electric and SEC, it also offers additional energy management solutions to help reach the sustainability goals by reducing energy usage and improve safety, reliability, connectivity, and efficiency through comprehensive solutions that meet SEC needs and internship training for SEC fresh engineers.
“We are honored to have the opportunity to support Saudi Electricity Company in optimizing energy uses and performance. We have been partners for quite some time, and to know that we can add value on a big scale through our solutions is such an achievement. We are committed to serve the local market, specially the utility market with high-quality solutions to improve efficiency, safety and reliability,” said CEO of Schneider Electric, Jean Pascal Tricoire.
“Our cooperation with Schneider Electric is not new, we have been working together to implement and develop different projects in the electric infrastructure sector. We are happy to extend our collaboration to reach maximum sustainability. 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 projects as one of the most important objectives that the company has implemented for localizing power industry, in the light of the kingdom vision 2030,” said Al-Qahtani, the Executive Vice President of SEC.
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this *Life Is On*. Schneider Electric is the worldwide expert in energy administration and automation. With incomes of ~€25 billion in FY2016, our 144,000 representatives serve clients in more than 100 nations, Schneider Electric helping them to deal with their energy and process in ways that are protected, dependable, productive and practical. From the least difficult of changes to complex operational frameworks, Schneider Electric innovation, programming and administrations enhance the way our clients oversee and computerize their operations. Schneider Electric associated advancements reshape businesses, change urban communities and advance lives. At Schneider Electric, we call this Life Is On. Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.
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