GCCIA awards $220mln contracts for Iraq interconnection project

The Gulf Cooperation Council Interconnection Authority (GCCIA) announced on Tuesday that it signed five contracts worth $220 million for implementing an electricity interconnection between the GCC nations and Iraq, the Authority tweeted from its official account. The project involves the construction of a double circuit 400 kV transmission line from Wafra station in Kuwait to Al Faw station in south Iraq with a total transmission capacity of 1,800 megawatts (MW) and a length of 295 kilometres, the tweet said. GCCIA said Phase 1 of the project, which is slated to be completed in 24 months, will have a transmission capacity of 500MW. The contracts were signed with KEC International and Kalpataru Power Transmission from India; Turkey's Calik Enerji; Saudi Arabia's Cegelec Saudi, and Qatar's National Contracting Company (NCC), according to the signing photos tweeted by GCCIA. The scope of the contracts wasn't disclosed, but past reports have indicated that the project also includes the construction of a new transformer substation in Wafra, Kuwait, with a capacity of about 400 KV. According to a Zawya Projects report, Iraq and GCC had signed a grid connection pact on the sidelines of the Jeddah Security and Development Summit in July 2022. In March 2022, Kuwait Fund for Arab Economic Development (KFAED) signed a loan agreement with GCCIA for 35 Million Kuwaiti dinars (equivalent to about $115.5 million) to help finance the GCCIA - Iraq interconnection project. https://www.zawya.com/en/wealth/funds/kuwait-fund-signs-115mln-deal-with-gcc-interconnection-authority-tyr04297 In August 2022, Qatar Fund for Development (QFFD) signed a financing agreement with the GCCIA for the project. Egypt, Jordan, and Iraq had agreed to implement an interconnection project between the three countries with a total capacity of 1,000 MW at a trilateral summit in Amman in August 2020. Read more: Iraq's electricity link with Jordan to enter service by June 2023 (Writing by P Deol; Editing by Anoop Menon) (anoop.menon@lseg.com)

GCCIA awards $220mln contracts for Iraq interconnection project

DISCOVER MORE

Middle East and Africa expected to install 17GW of new onshore wind capacity in next 5 years - report

GRID GROWTH: Dubai Electricity and Water Authority shares T&D numbers for 2022

Jordan, EBRD sign agreement to construct water treatment plant in Al Ghabawi

Saudi Arabia is first globally in renewable energy growth within two years of SGI launch

Siemens issues Qatar’s first green guarantee for solar project

India’s L&T wins 380kV substation order in Saudi Arabia

African Development Bank approves $28.49mln grant for Ghana renewable energy project

DEWA and Dubai Airports explore developing cooperation

Five African cities hold more than 50% of continent's private wealth

AI may affect 300mln full-time jobs: Goldman Sachs

Maldives airport temporarily shut down after Flydubai aircraft suffers tire burst on landing

Real GDP growth in the GCC region will slow to 3.5% in 2023

UAE approves 24 national initiatives to double re-export industry

Saudi Electricity Company expects capex of up to $9.3bln in 2023

Kuwait expected to award Al-Zour South infra construction contract in Q2

Spain’s Almar Water to develop water project for Aramco’s Zuluf onshore oilfield

Saudi’s SWPC to develop 28 projects in partnership with private sector

Work to be resumed on stalled Al- Nahrawan water project in Baghdad

LATEST VIDEO

VIDEO: Why is China's Belt and Road Initiative facing setbacks?

ZAWYA COVERAGE

UAE President appoints Abu Dhabi Crown Prince, deputy rulers

Middle East, Asia-Pacific airfares surge 53%, pose threat to recovery of aviation sector - ACI

DP World develops edible oil terminal at Port of Berbera

Maldives airport temporarily shut down after Flydubai aircraft suffers tire burst on landing

Dubai’s branded home market posts exponential growth

'The march continues': Sheikh Mohammed congratulates new UAE Vice-President, Abu Dhabi Crown Prince

Ruler of Abu Dhabi issues decree restructuring Abu Dhabi Executive Council

DFM introduces 'Omnibus Accounts' to enhance market access

Portugal's rents hit record high amid cost of living crisis

THE BRI REPORT

China is reshaping the Belt and Road Initiative ahead of a post-pandemic era

DISCOVER MORE

LATEST VIDEO

ZAWYA NEWSLETTERS

ZAWYA COVERAGE