The Gulf Electricity Interconnection Authority hosted a joint meeting with the Egyptian Electricity Transmission Company and Jordan’s National Electric Power Company to discuss the fundamental principles of the joint electrical interconnection project. The two-day meeting was held in Dubai.
According to a statement issued on Thursday, the meeting discussed the strategic draft project document, as well as the principles and commercial models, which proved the feasibility of the interconnection between the three sides. A summary of the feasibility study as well as the organizational and structural issues related to the project were also reviewed during the meeting.
The parties agreed on an action plan and signed a memorandum of understanding that will ensure the fulfillment of mutual benefits, contribute to supporting electricity networks, improving the quality of electricity and increasing the reliability of interconnected networks.
CEO of the Gulf Electricity Interconnection Authority Ahmed Al-Ibrahim said that the Gulf Electricity Interconnection Project is very important in relation to infrastructure connectivity as it will achieve some important strategic objectives, like enhancing energy security and raising the level of reliability and safety for Gulf electrical systems.
The authority initiated a study to expand electricity interconnection inside and outside the GCC system, and the linkage with Egypt and Jordan will be a gateway to Africa and Europe, enabling the investment in the energy field through energy trade and will provide a strategic commodity that can be marketed through the Arab region to Europe. In the long run, the authority seeks to connect with the interconnection system in Africa and Europe.