Arthur D. Little Wins Contract To Advise On Restructuring Of Saudi Arabian Electricity Sector.Business/Technology Editors CAMBRIDGE Cambridge, city, Canada Cambridge (kām`brĭj), city (1991 pop. 92,772), S Ont., Canada, on the Grand River, NW of Hamilton. It was formed in 1973 with the amalgamation of Galt, Hespeler, and Preston, all founded in the early 19th cent. , Mass.--(BUSINESS WIRE)--April 3, 2001 Government-Owned Electric Utility Is Largest In The Middle East, Providing Power To More Than 3 1/2 Million Customers The Kingdom of Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. has awarded a multi-million,
multi-phased contract to the consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a feeconsulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. , Inc. to advise on the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and commercialization of its electric utility, which is the largest in the Middle East. Saudi Electricity Company (SEC) is Saudi Arabia's electric utility with majority shares held by the government itself. The utility is the largest in the Middle East, providing power to more than 3 1/2 million customers representing more than 80% of the population. The utility has 20,000 megawatts of generating capacity, more than 17,000 kilometers of transmission lines and 200,000 kilometers of distribution lines. The first phase of the contract, signed last week by the Saudi Government and Arthur D. Little, is for $2 million and will entail entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary the development of a strategic plan for the restructuring. Once complete, the plan will be reviewed by the Saudi Government and, if approved, a second, $4 million implementation phase will commence in the fall. "Due to its size, this multi-phased project is the most ambitious restructuring initiative in our region," said Tariq A. Al-Betairi, a member of the executive committee of the Saudi Electricity Company. "We needed someone to develop a plan that will lead us down the most efficient and profitable path to a fully commercialized electricity sector. Because of its track records and local knowledge, Arthur D. Little was chosen to undertake the assignment. The firm has outstanding experience in the utilities industry and an excellent reputation as business strategists and financial analysts. I am sure that their talents will be put to good use here." Investments in the Kingdom's energy industry infrastructure would not only bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz its energy supply but would also help diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. and sustain its burgeoning economy. Saudi Arabia hopes commercialization of its electric utility will attract foreign energy companies into the newly structured market, bringing billions of dollars of investment in new power facilities. The Saudi government's goal is to attract $100 billion in foreign investments in the electricity sectors during the next 20 years. During the next four months, a team from ADL will work with officials from the Saudi Electricity Company to develop a master plan for the restructuring process. "What we've been asked to develop is a Strategic Master Plan for the entire electricity sector, from the potential unbundling A regulatory requirement that enables a competing service provider to purchase parts of the incumbent local exchange carrier's network in order to provide service to its customers. See ILEC. of functions such as generation, transmission and distribution through the management of the new Saudi Electricity Company," said Charles Parry Charles Parry may be:
About Arthur D. Little Arthur D. Little (www.adl.com) is the world's premier consulting firm working at the interface of business and the technologies that drive innovation and growth. Drawing on its unique blend of knowledge and hands-on experience in a broad range of industries worldwide, the firm works with its clients to help them create breakthrough innovations in practices, products, and processes to drive growth and the creation of new value. |
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