Power in the GCC
February 8, 2010 4:58 by kippreport
The first phase of the GCC Interconnection Grid, a project to link the power grids of all six member countries, was completed in July 2009, and now links Bahrain, Saudi Arabia, Qatar and Kuwait. The project , which was first conceptualized in the 1980s, is estimated to cost $1.6 billion, according to Yousif Janahi, chairman of the Gulf Cooperation Council Interconnection Authority (GCCIA).
The first phase was funded by the governments of Kuwait, Saudi Arabia, Bahrain and Qatar through 65 percent debt and 35 percent equity. Forty percent of the cost was borne by Saudi, 36.5 percent was borne by Kuwait, 13.5 percent by Qatar and 10 percent by Bahrain.
The UAE will link to the grid in 2011, and the entire project is anticipated to be completed by 2012.
The Gulf countries hope that the project will enable them to meet increasing power demand in the region and avoid power outages.