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The National Energy Services Company (NESCO) - Tarshid
Company type
Government Company
Founded
Oct 2017 in Riyadh, Saudi Arabia
Key people
Abdulaziz bin Salman Al Saud (Chairman)
Waled Alghreri (CEO)
Services
Energy
Energy Services
Energy Efficiency
Owner
Public Investment Fund
Number of employees
40 (2018)
Website
http://www.tarshid.com.sa/
For other uses, see NESCO (disambiguation).
The National Energy Services Company (NESCO), branded as Tarshid, is an energy company that was established in March 2017 in the Kingdom of Saudi Arabia.[1]
Tarshid was issued a Saudi Royal Decree in March 2017, giving it the exclusive mandate to retrofit all public buildings and facilities in the Kingdom, which[2] is set to transform the local energy efficiency market from an early growth stage to a thriving industry composed of the most innovative and professional companies. Tarshid is set to support the development of a commercial energy services market by building the capacity of local Energy Services Companies (ESCOs) and facilitating the establishment of the world's leading ESCOs in the Kingdom through collaborating with key stakeholders such as the Saudi Ministry of Finance (MOF) and the Saudi Energy Efficiency Center (SEEC).
Tarshid is fully owned by Public Investment Fund and has set targets for implementing energy efficiency projects in buildings and facilities across the Kingdom.[3]
^"SR1.9 billion company to boost energy efficiency". 19 October 2017.
^"Saudi Arabia's PIF to save oil with new energy services company". 18 October 2017.
^"PIF - Public Investment Fund". www.pif.gov.sa.
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