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GCC power grid contract to be awarded soon

posted on 22/03/2005: 682 views


The US$1.189 billion (Dh4.36 billion) first phase of the Gulf Electricity Interconnection Grid will become operational by mid-2008, officials said. The landmark project will get underway with the awarding of engineering, procurement and construction (EPC) contracts this summer, officials said.



This will pave the way for the creation of a pan-Arab electricity grid that can one day be connected to Europe and Africa, officials said. "The tender documents were issued last month and bids are expected in April and May. Evaluation contract awards will be made in August 2005.



Phase one will link Kuwait, Saudi Arabia, Bahrain and Qatar, while phase two will link Oman and the UAE. In the third phase, the two systems will be linked, completing the regional grid. While phase one will cost US$1.189 billion (Dh4.36 billion), the estimated costs of phase two and three are US$300 million (Dh1.1 billion) and US$137 million (Dh502.7 million), respectively.



The developments costs of the GCC grid will be shared by all GCC six states, in proportion to the reserve capacity savings. It has been decided the governments of the six states will be responsible for providing their share of the necessary capital in the form of either equity or debt, officials said. (The Gulf News)

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