The National Energy Services Company
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| Company type | Government Company |
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| Founded | Oct 2017 in Riyadh, Saudi Arabia |
Key people |
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| Owner | Public Investment Fund |
Number of employees | 40 (2018) |
| Website | http://www.tarshid.com.sa/ |
Tarshid: Pioneering Energy Efficiency in Saudi Arabia
The National Energy Services Company (NESCO), operating under the brand name Tarshid, was established in March 2017 within the Kingdom of Saudi Arabia. With a clear mandate granted by a Saudi Royal Decree, Tarshid is exclusively responsible for retrofitting all public buildings and facilities across the nation. This ambitious initiative aims to elevate the local energy efficiency market from its early growth stage to a thriving industry—one characterized by innovation and professionalism.
Key Objectives of Tarshid:
- Market Transformation: By retrofitting public infrastructure, Tarshid seeks to revolutionize energy efficiency practices in Saudi Arabia. The goal is to create a dynamic market that fosters collaboration among forward-thinking companies.
- Capacity Building: Tarshid actively supports local Energy Services Companies (ESCOs) by enhancing their capabilities. Through strategic partnerships with stakeholders like the Saudi Ministry of Finance (MOF) and the Saudi Energy Efficiency Center (SEEC), Tarshid paves the way for sustainable energy solutions.
- Global Leadership: Tarshid aspires to attract the world’s leading ESCOs to the Kingdom. By facilitating their establishment and collaboration, Tarshid aims to position Saudi Arabia at the forefront of energy efficiency initiatives.
Ownership and Ambitions: Tarshid is wholly owned by the Public Investment Fund. Its ambitious targets include implementing energy efficiency projects in various buildings and facilities across the Kingdom.