QFFD Signs Agreement To Connect Gulf Electricity System To I...| MENAFN.COM

Friday, 30 September 2022 03:44 GMT

QFFD Signs Agreement To Connect Gulf Electricity System To Iraq Network


(MENAFN- The Peninsula) QNA

Doha: Qatar Fund for Development (QFFD) cooperates with the Gulf Cooperation Council Interconnection Authority (GCCIA) to develop the Gulf electricity interconnection system and connect it to the southern Iraq network.

This agreement aims to contribute to cover part of the demand for electricity and fulfilling its need, as well as improving the performance and stability of the electricity network in the southern region of the Iraq Republic. By constructing a new transformer substation with a capacity of about 400 KV in the Wafra area in Kuwait and connecting it to the Gulf electricity interconnection system to the Iraqi electricity network thorough Al-Faw electricity transformer station in southern Iraq.

Director General of Qatar Fund for Development H E Khalifa bin Jassim Al Kuwari said:“Together, in partnership with he Gulf Cooperation Council Interconnection Authority, we seek to extend electricity to our brothers in southern Iraq. As electricity support will play a fundamental and pivotal role in strengthening the vital basic sectors and supporting them to complete its work, such as the health sector, which will in turn provide health services to a large number of patients, in addition to strengthening the educational sector such as schools and universities. This initiative will have a pivotal role in the economic contribution and infrastructure development.” 

CEO of the Gulf Electricity Interconnection Authority, Eng. Ahmed bin Ali Al Ibrahim, that the electrical connection has achieved economic savings for the GCC countries of nearly $3bn since the full operation of the project, while avoiding any major interruptions in the Gulf networks since the start of operation in 2009, which has a significant impact on the continuity of electricity and its great impact on society and the economic and industrial sector in the GCC countries.

The project is being implemented by the GCC Electricity Interconnection Authority, which owns and manages the Gulf electrical interconnection network, and it is one of the most important infrastructure link projects approved by the Gulf Cooperation Council. Among the benefits achieved by the project are reducing the required reserve in each country, mutual coverage in case of emergency, benefiting from the surplus, and reducing the cost of producing electric power among the GCC countries. In 2001, the GCCIA was established, and the interconnection project was completed in 2009, when the interconnection network began operating.

The authority considers that the signing of the interconnection agreement with the electricity network in southern Iraq, which coincided recently with the Jeddah Summit for Security and Development on July 15, 2022, is one of the most important strategic projects in the GCC countries, which will start implementation work during the month of August, hoping to operate the connection with the summer of 2024.

MENAFN02082022000063011010ID1104630371


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.