The setting up of the Gulf Cooperation Council Interconnection Authority in 2019 has enabled countries in the Middle East to save $3 billion.
Savings have come from a reduced need for new generation plants, thus lower operating and maintenance expenses, and reduced carbon emissions, according to media reports.
The Authority has agreed an action plan for the establishment of a joint electrical interconnection project with the Egyptian Electricity Transmission and Jordan’s National Electric Power Co., it said.
In a two-day meeting, the parties agreed on preparing a business case to explain the benefits of electrical connection and to complete the required procedures.