Kuwait Fund Grants $570 Million Loan to Boost GCCIA’s Electricity Expansion Project
In a significant move aimed at bolstering regional connectivity, the Gulf Electricity Interconnection expansion project has secured a substantial $570 million loan from the Kuwait Fund for Arab Economic Development, as announced in an official statement.
This initiative stands as a crucial component of the Gulf Cooperation Council Interconnection Authority’s ongoing efforts to address the energy-related challenges faced by its member nations, along with Iraq.
The primary objective of the project is to deliver both technical and economic advantages by augmenting the capacity, efficiency, and reliability of the electrical networks within the GCC countries.
As a major beneficiary of this development, Kuwait is poised to receive an additional supporting capacity of 2,500 megawatts, which will significantly fortify the nation’s electricity grid.
Moreover, the project is set to have a profound impact on the electrical infrastructure in southern Iraq. This region will witness a substantial boost in electrical capacity, totaling 500 megawatts. This increase not only serves to meet a portion of the region’s energy demand but also enhances the overall performance and stability of its electrical network.
The scope of this ambitious undertaking encompasses the establishment of a pivotal linking station at Al-Wafrah in Kuwait, with a targeted completion date set for December 2024.
Furthermore, the project involves the construction of dual overhead transmission lines to establish a connection between the Al-Wafrah station in Kuwait and the Al-Fadhili station in Saudi Arabia. This connection is then extended through double overhead lines back to the Al-Zour area in Kuwait.
In addition to these measures, cables will be laid to connect the Al-Wafrah area to the Sabah Al-Ahmad 3 and Sabah Al-Ahmad 4 stations in Kuwait, ensuring their integration into the country’s electrical network.
The final phase of the project entails the extension of 400-kilovolt overhead lines to the Al-Faw station in southern Iraq. This linkage will connect the station to the national electrical grid and, subsequently, to the global network.
Projections for this ambitious endeavor anticipate a commendable economic return of 14.4 percent, underscoring its financial viability. Furthermore, the initiative aligns seamlessly with broader sustainability objectives, emphasizing its commitment to environmentally conscious practices.
It’s worth noting that in March 2022, the Kuwait Fund for Arab Economic Development sealed a loan agreement to provide 35 million Kuwaiti dinars (equivalent to $115 million) for the financing of this expansion project. According to an official statement, the fund has future plans to extend an additional loan to the project, with the specific terms and conditions subject to negotiation and agreement at a later date. This substantial investment is set to play a pivotal role in advancing energy infrastructure and connectivity across the region.
Qmqlix
ivermectin cost in usa – tegretol 200mg price carbamazepine ca
December 31, 2024Bkwtzy
isotretinoin 40mg without prescription – dexamethasone pills buy generic zyvox
January 20, 2025Zkrcyu
buy cheap generic amoxicillin – order amoxicillin online cheap ipratropium 100mcg us
January 20, 2025Ifuofz
zithromax oral – zithromax us bystolic cheap
February 3, 2025Hgbndt
prednisolone 5mg ca – order azithromycin online progesterone 100mg canada
February 4, 2025Sbqsjz
oral furosemide 100mg – order nootropil without prescription betamethasone without prescription
February 11, 2025Bpspgs
oral augmentin 375mg – order generic cymbalta 20mg duloxetine 40mg generic
February 16, 2025Qutaeg
buy generic doxycycline online – where can i buy glipizide glipizide 5mg usa
February 18, 2025Vtugkb
amoxiclav price – buy generic duloxetine online buy cymbalta 20mg without prescription
February 24, 2025Mmkcgv
semaglutide 14mg price – cyproheptadine 4mg generic purchase cyproheptadine pills
February 26, 2025Deezve
tizanidine 2mg brand – purchase microzide without prescription purchase hydrochlorothiazide online
February 28, 2025Vgusdn
cialis 20mg canada – order cialis 40mg sale brand viagra 100mg
March 7, 2025Fkmgyb
sildenafil 100mg oral – coupon for cialis cialis overnight shipping
March 10, 2025Qzpcju
buy atorvastatin online cheap – order generic norvasc 10mg prinivil ca
March 16, 2025Srgxjo
cenforce pills – buy metformin 1000mg online glycomet 500mg drug
March 17, 2025Oipdkw
atorvastatin 20mg sale – lipitor 20mg generic purchase lisinopril online cheap
March 19, 2025Xatimb
buy atorvastatin 10mg generic – atorvastatin 80mg ca lisinopril 2.5mg for sale
March 20, 2025Iqqsze
omeprazole generic – order omeprazole pill purchase tenormin online cheap
March 22, 2025Bwffyb
depo-medrol online pharmacy – buy depo-medrol pills aristocort brand
March 28, 2025Ntdkoa
order generic desloratadine 5mg – loratadine 10mg uk order priligy online
March 30, 2025Txnppu
oral cytotec – diltiazem 180mg over the counter diltiazem price
March 31, 2025Pxfbpc
order acyclovir 800mg pills – order rosuvastatin 20mg pills rosuvastatin 20mg over the counter
April 6, 2025Mzaflm
generic domperidone 10mg – order motilium 10mg for sale purchase flexeril generic
April 9, 2025Axwljw
motilium 10mg drug – generic cyclobenzaprine flexeril for sale
April 16, 2025Hsgsjf
buy cheap inderal – buy inderal 20mg without prescription methotrexate 5mg cost
April 18, 2025Ircggb
coumadin cheap – brand maxolon hyzaar price
April 21, 2025Sjkygp
buy levofloxacin 250mg for sale – order ranitidine 150mg pills zantac 150mg pill
April 25, 2025Hszvui
buy esomeprazole 40mg online cheap – esomeprazole 20mg over the counter order sumatriptan online cheap
April 26, 2025