Monday, Jan 14, 2013
(This story was originally published Sunday.)
ABU DHABI--Saudi Arabia is finalizing targets for renewable-energy generation and will likely hold a bidding round this year for companies to participate in the process, the vice president for renewable energy at the King Abdullah City for Atomic and Renewable Energy, Khalid Sulaiman, said on the sidelines of a conference Sunday.
Saudi Arabia is the world's top oil exporter but a booming population and developing economy are constraining the desert kingdom ability to provide electricity and water, while keeping domestic demand for oil at bay.
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(END) Dow Jones Newswires
14-01-13 0349GMT
