Arab News, Saturday, Jan 22, 2022 | Jamada Al-Aakhirah 18, 1443
Gulf electricity interconnection project saves members $3bn
Saudi Arabia: Gulf countries have
saved $3 billion since the establishment of the Gulf Cooperation Council
Interconnection Authority in 2019, it said.
Savings have come from a reduced need for new
generation plants, thus lower operating and maintenance expenses, and reduced
carbon emissions, SPA reported.
The Authority has agreed an action plan for the
establishment of a joint electrical interconnection project with the Egyptian
Electricity Transmission and Jordan’s National Electric Power Co., it said.
In a two-day meeting, the parties agreed on
preparing a business case to explain the benefits of electrical connection and
to complete the required procedures, SPA reported.