GCC, Iraq to sign electricity interconnection contract today

The GCC Interconnection Authority (GCCIA) headquarters

A contract to implement the electricity interconnection project linking Iraq with the Gulf Co-operation Council (GCC) grid will be signed today, Oct. 9, at the GCC Interconnection Authority (GCCIA) headquarters in Dammam.

The ceremony, hosted under the patronage of Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, will be attended by GCCIA CEO Ahmed Al-Ibrahim and Saleh Al-Omari, CEO of the Gulf Laboratory.

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Al-Ibrahim emphasized that this project will unlock new opportunities for Gulf electrical interconnection with Iraq.

He noted that the Gulf energy sector is progressing steadily, with the interconnection network expansion between the GCC countries and Iraq set to be launched in December.

Al-Ibrahim also mentioned that the Gulf electricity market will provide long- and short-term trading options, giving Iraq flexibility in importing energy from various countries and fostering price competition to secure the best rates.