I. INTRODUCTION
Saudi Arabia is one among the top countries in the world
showing robust economic and industrial growth, and in tune
with these developments, its demand for energy and hence oil
also rising at a very alarming rate. It is estimated that the
domestic demand for its own oil and gas is growing at around
7% per year, and at this rate, the energy consumption is going
to be doubled in a decade and tripled in two decades. Even
though the country has increased its generation capacity by
50% during the last decade, it still finds it difficult to meet the
electricity demand in the summer season [1]. In addition to the
economic and industrial development in the nation, the other
major driving factors which are attributed to this situation are
the population growth, hot climate and the low electricity
tariff existing in the country. The economy of the country
being heavily dependent on fossil fuels and the oil exports,
this trend of unsustainable pattern of energy consumption can
I. INTRODUCTION
Saudi Arabia is one among the top countries in the world
showing robust economic and industrial growth, and in tune
with these developments, its demand for energy and hence oil
also rising at a very alarming rate. It is estimated that the
domestic demand for its own oil and gas is growing at around
7% per year, and at this rate, the energy consumption is going
to be doubled in a decade and tripled in two decades. Even
though the country has increased its generation capacity by
50% during the last decade, it still finds it difficult to meet the
electricity demand in the summer season [1]. In addition to the
economic and industrial development in the nation, the other
major driving factors which are attributed to this situation are
the population growth, hot climate and the low electricity
tariff existing in the country. The economy of the country
being heavily dependent on fossil fuels and the oil exports,
this trend of unsustainable pattern of energy consumption can
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I. INTRODUCTION
Saudi Arabia is one among the top countries in the world
showing robust economic and industrial growth, and in tune
with these developments, its demand for energy and hence oil
also rising at a very alarming rate. It is estimated that the
domestic demand for its own oil and gas is growing at around
7% per year, and at this rate, the energy consumption is going
to be doubled in a decade and tripled in two decades. Even
though the country has increased its generation capacity by
50% during the last decade, it still finds it difficult to meet the
electricity demand in the summer season [1]. In addition to the
economic and industrial development in the nation, the other
major driving factors which are attributed to this situation are
the population growth, hot climate and the low electricity
tariff existing in the country. The economy of the country
being heavily dependent on fossil fuels and the oil exports,
this trend of unsustainable pattern of energy consumption can
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