Saudi Arabia inaugurates platform for electrical interconnection with Iraq
The Governor of the Saudi Eastern Province, Prince Saud bin Nayef bin Abdulaziz, and GCC officials during the inauguration ceremony of a platform for the GCC electrical interconnection project with Iraq. Photo: Al-Arabiya News
Baghdad (IraqiNews.com) – The Governor of the Saudi Eastern Province, Prince Saud bin Nayef bin Abdulaziz, inaugurated a platform for the GCC electrical interconnection project with Iraq at the headquarters of the GCC Interconnection Authority in the Saudi city of Dammam.
Prince Abdulaziz stressed that the electrical interconnection project between the GCC countries aims to preserve energy and enhance integration between countries in the Gulf region.
The platform will increase the efficiency of the electrical interconnection between the GCC countries and Iraq.
The platform enables Iraq to exchange electrical energy with the countries of the Gulf Cooperation Council collectively or separately, which will give wide flexibility to the exchange and trade of energy between Iraq and the GCC countries.
The GCC Interconnection Authority expected that the project would provide Iraq with two million megawatts during the summer months, whereas energy exchange with Iraq in the winter months would reach 500,000 megawatts.
The value of the electrical energy Iraq will use through the interconnection project with the GCC countries is expected to range between $200 and $300 million annually.