The Saudi Electricity Company (SEC) has revealed that the combined generation of Al-Qariya plant enabled to raise the efficiency of its turbines to 54.6 percent.
This is as a result of ongoing development operations of units during the last period and also as part of some initiatives of the accelerated strategic transformation program (ASTP) aimed at providing high-reliability of electric service, according to the world’s latest electrical technology.
SEC CEO Ziyad Al-Shiha explained that the station was enabled on Oct. 7 to record unprecedented number in the capacity of generating its own units, reaching 4,475 megawatts at a temperature of 32 degrees Celsius.
This record makes it the largest plant in the world operating under the combined cycle system, which is in line with the plans and objectives of the ASTP.
This is intended to improve the thermal efficiency of power plants within the program initiatives launched since 2014.
The initiatives managed to reduce the waste of the produced energy inside the stations to 3 percent and this result is considered one of the top global averages in electricity, Al-Shiha added.
According to SEC's system performance of improving the thermal efficiency of power plants, the company has managed to save 5.6 million barrels of equivalent fuel since the beginning of 2015 until the end of the first half of 2016.
SEC plans to raise thermal efficiency within generating plants from 34 percent to 40 percent by the end of 2020, by implementing a number of preventive maintenance planned programs for maternity units according to the number of actual operation hours.
Steve Bull, CEO of General Electric (GE), described Al-Qariya plant as the most effective and efficient plant in the world because of quality and optimal investment in human resources at the company.
Saudi Electricity Company raises Al-Qariya plant’s turbine efficiency
Saudi Electricity Company raises Al-Qariya plant’s turbine efficiency
STC Bank launches business portal for businesses, entrepreneurs and freelancers
STC Bank has launched a business portal as part of its strategy to provide integrated and Shariah-compliant digital banking services targeting multinationals, entrepreneurs and self-employed. The move reflects the bank’s commitment to enhancing and facilitating the banking experience through modern digital solutions.
The Business Portal is the first integrated digital experience that enables business customers to start their banking relationships and manage their entire business through a single digital platform, designed to meet the needs of various sectors, providing an easy and flexible banking journey characterized by simplicity and ease of use.
The portal provides a comprehensive dashboard that allows business owners to efficiently manage users, financial structuring and authorization matrix, where users can be added, assigned, and manage access to banking services flexibly within an advanced digital experience.
The Business Portal also includes a full range of banking services, most notably payments and remittances, beneficiary management, statement review and extraction, digital certificate issuance, as well as employee salary management, giving business owners full control over their financial operations through a unified and secure platform.
STC Bank allows registration and availing of business portal services through its website, while ensuring the highest levels of security using the latest cybersecurity and advanced financial technologies.
The launch of the upgraded Business Portal is part of STC Bank’s digital transformation journey toward building an integrated digital bank, which provides innovative banking solutions that contribute to supporting the growth of the business sector and enhancing the digital economy in the Kingdom.
