The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Qatar Fund for Development (QFFD) have inked a contract to establish and link the regional electrical system to the southern Iraq network.
It is envisaged that this will help the network operate more effectively and reliably while also helping to meet some of the demand for electricity in southern Iraq.
Doha News reports that this action will result in the construction of a new 400KV transformer substation in Kuwait’s Wafra neighbourhood. Through the Al-Faw electricity transformer station in southern Iraq, this will be connected to both the Iraqi electricity network and the Gulf power interconnection system.
“This initiative will have a pivotal role in the economic contribution and infrastructure development,” said the Director General of the QFFD, Khalifa bin Jassim Al-Kuwari.
The signing of the agreement is reportedly one of the GCC’s key strategic projects. The project will get underway this month, and it should be up and running by the summer of 2024.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.