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Iraq and Saudi Arabia are discussing electrical interconnection and exchanging experiences
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Economy News _ Baghdad
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Added 04/12/2023 - 11:08 AM
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Economy News _ Baghdad
The Iraqi Minister of Electricity, Ziyad Fadel, and the Saudi Minister of Energy, Abdulaziz bin Salman, discussed, on Wednesday, developments in the work on the electrical interconnection project between the two countries.
The Saudi Press Agency (SPA) stated, "This project will contribute to supporting the reliability of electrical networks in the two countries and achieving economic savings, in addition to enhancing the achievement of the optimal mix of energy for electricity production, supporting the absorption of electrical networks for the entry of renewable energy, and achieving optimal investments in electricity generation projects."
The agency stated that "the meeting discussed opportunities for cooperation between the two countries in the field of renewable energy and benefiting from the capabilities and expertise of ACWA Power in this vital field and its contributions to the development of future projects in Iraq."
She pointed out that "the meeting discussed the Kingdom's experience in the field of smart meters and how to transfer it to the Iraqi side, and the opportunities for Saudi companies to participate alongside Iraqi companies as contractors and manufacturers in developing the infrastructure for smart meters."
She added, "The Iraqi side was briefed on the financial and regulatory reforms witnessed by the electricity sector in the Kingdom during the past three years, and the possibility of exchanging experiences between the two countries in this field."
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Added 04/12/2023 - 11:08 AM
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