Saudi Electricity Company's [5110.SE] power generation assets' privatisation process is expected to show early signs of development within a year from today, according to the company’s Chairman, Saleh Alawaji, speaking in a media interview with Al Arabiya. The power generation assets will be offered to international and local investors with heightened interest from Chinese investors in pumping investments in the Saudi electricity sector. A ministerial committee headed by the Minster of Energy, Industry and Mineral Resources has been composed to carry on the privatisation producers, that will be undertaken through phases. On a different note, Alawaji pointed out that demand for electricity has dropped in the Kingdom upon the recent price increase, confirming that the drop in Electricity demand is a first in the Kingdom’s history. (Argaam, Al Arabiya)