Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Electricity bill to come in tenant's name  Join our daily free Newsletter

MENAFN - Arab News - 14/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The electricity regulatory commission (erc) announced on sunday new regulations that will guarantee the rights of tenants who are leasing houses from other landlords. it said that the electricity invoice will be issued in the name of the tenant who is actually occupying the apartment.

Rahman al-muhazi'i director general for legal affairs at erc said that 4 new companies will be established to generate power in addition to another company to handle distribution systems.

Erc also unveiled a memorandum of understanding with the saudi electric company (sec) regarding the restructuring of the company's units and operations in order to create separate entities within the sec to serve the objectives of the power grid better

Talking to a local paper mr. al muhazi'i did not give an effective date to tie in the power bill with the actual tenant. but he did say that there are now two forms of power connection agreements. one is for the connection itself and the other for consumption. 'the guidelines for providing the electrical service have been discussed with sec and they will be adopted shortly" he said

'we issued 38 licenses for the various electrical activities and we also issued 19 types of waivers in these activities 13 of which are for power generation plants 5 for multiple production plants and one waiver for a water desalination plant" he said.

He said that the gcc power connection grid has resulted in fewer cases of total power failure. 'the system provides instant support in case of power failure. losses from power failures depend on the size of the power grid and the duration of the power failure but they can range from 100 million dollars for smaller systems to a few billion dollars for larger systems. however countries can now install larger power generators which translate into bigger savings when building new power generating plants" he said.


 






  MENA News Headlines
 Jul 24 2014 - Kuwait's KIPCO profit up 20 percent in Q2MENAFN
(MENAFN) Kuwait Projects Co (KIPCO), the Gulf state's largest investment company, saw a 20 percent growth in the second quarter"s net profit, according to Arabian Business.KIPCO said that its net ...

 Jul 24 2014 - Qatar's Ooredoo profit falls 11 percent in Q2MENAFN
(MENAFN) Net profit of the Qatari telecom operator Ooredoo fell by 11 percent in the second quarter of the current year, according to Arabian Business.Ooredoo, which operates in about 15 countries ...

 Jul 24 2014 - Dubai's real estate transactions worth USD30b in H1MENAFN
(MENAFN) Dubai's real estate transactions were estimated at USD30.7 billion in the first six months of the current year although deals slowed in the second quarter, according to Arabian ...

 Jul 24 2014 - Saudi Savola to sell its packaging business to TakweenMENAFN
(MENAFN) Saudi Arabia's Savola Group has signed a non-binding agreement with Takween Advanced Industries 1201.SE to sell its packaging business as it plans to focus on its food and retailing ...

 Jul 24 2014 - Kuwait- His Highness the Crown Prince receives senior officialsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah received, at Seif Palace on Wednesday, former National Assembly Speaker Jassem ...

 Jul 24 2014 - Kuwait oil up 87 cents to USD 105.65 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The price of Kuwaiti crude oil went up 87 cents to USD 105.65 per barrel (pb) on Tuesday against USD 104.78 pb the day before, the Kuwait Petroleum Corporation ...

 Jul 24 2014 - Kuwait invests USD 17 bln in environmental fuel projectKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait is investing over USD 17 billion (KD 4.6 billion) to develop oil refineries as part of the "environmental fuel" project to be launched in 2018.The project, ...

 Jul 24 2014 - Saudi PIF to establish new companiesMENAFN
(MENAFN) Saudi Arabia's Public Investment Fund (PIF) plans to invest in establishing new companies of several sectors, mainly housing, petrochemicals, and technology as part of its plan to expand ...

 Jul 24 2014 - Kuwait- Al-Ghanim urges parliaments to work together on stopping Israeli aggressionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Arab Inter-Parliamentary Union (AIPU) chief Marzouq Al-Ghanim called on international parliaments, particularly those from Security Council permanent member ...

 Jul 24 2014 - Kuwait- His Highness the PM receives "Journey of Hope" membersKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received at Seif Palace Wednesday Head of the "Journey of Hope", Advisor at the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help