Skip to content Skip to Search
Skip navigation

GCC power authority eyes $660m direct electricity link with Oman

Person, Human, Cable REUTERS/Siphiwe Sibeko
Ankara aims to reduce 100 million tonnes of carbon emissions as part of this plan, which will likely be issued next month

The GCC Interconnection Authority (GCCIA), which operates the transmission system linking the grids of the GCC member states, is weighing a direct electricity link with the main grid of Oman at an investment of $660 million, Oman Daily Observer reported.

The project will enable energy transfers of between 1,200 and 1,600MW, Ahmed Al-Ebrahim, CEO of GCCIA, said.

The 150km-long link will have a grid station on each side of the border between Oman and the UAE and is expected to be implemented within three years.

Oman is already connected to the GCC grid via an interconnection with the UAE that became operational last year. It joins the sultanate’s main interconnected system with the power systems of the GCCIA via Abu Dhabi.

The 220kV interconnection, a double-circuit link that supports reliable transfers of up to 400MW and can carry up to 800MW in emergencies, allows Oman access to the power systems of the five GCC member states.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]

Car, Transportation, Vehicle

Dubai Taxi to pay $43m dividend despite profit drop

Dubai Taxi Company, a subsidiary of the emirate’s transport regulator, has approved a dividend payout of AED159 million ($43 million) for the first half of 2024 despite a marginal 1 percent increase in net profit. Net earnings reached AED187.4 million in the first six months of the year, compared to AED186.3 million at the same […]