On December 31, 2001, the GCC Countries agreed to establish the GCC Interconnection Authority to interlink the power systems of the GCC Countries. As a result, Royal Decree No. M/21 dated July 28, 2001, has been declared to establish the Authority with its official domicile in Dammam, Kingdom of Saudi Arabia. Project execution began in November 2005 and ended in early 2009, where operations commenced. The project was segregated into three phases: the first phase which interconnects Kuwait, Saudi Arabia, Bahrain and Qatar; the second phase is the internal integration of the UAE and Oman power systems; and the third phase connect phase one with phase two. The first phase member states were connected and have recently engaged in power exchanges amongst themselves. Future prospects will engage the Authority in market operations between the GCC states and hence create a regional power market exchange.
Loading ...
The company has not participated in any projects.
Country | Project | Current stage | Value (USD MM) | Sectors | Updated | Details |
---|
Loading ...
Loading ...
Country | Transaction | Type | Sectors | Updated | Details |
---|
Loading more transactions...
Loading ...
Kuwait Fund for Development (KFAED) has signed a second loan agreement with the Gulf Cooperation Council Interconnection Authority(GCCIA) for $114 million to contribute to the financing of the Develop...
Read more