Home
[You must be registered and logged in to see this image.]
Kuwait supports the Gulf electricity connection with Iraq with 115 million dollars
Shafaq News/ The Kuwait Fund for Arab Economic Development signed today, Thursday, a loan agreement with the Electricity Interconnection Authority of the Arab Gulf Cooperation Council.
Accordingly, the Fund provides a loan of 35 million Kuwaiti dinars (equivalent to about 115.5 million dollars), to contribute to the financing of the project to strengthen the Gulf electrical interconnection system and connect to the southern Iraq network.
The loan agreement was signed on behalf of the GCC Electricity Interconnection Authority, CEO of the Authority, Ahmed bin Ali Al-Ibrahim, and on behalf of the Kuwait Fund for Arab Economic Development, Director-General Marwan Abdullah Thunayan Al-Ghanim, in the presence of the Secretary-General of the Cooperation Council for the Arab States of the Gulf, Nayef Al-Hajraf.
The Director General of the Kuwait Fund for Arab Economic Development, Marwan Al-Ghanim, said that the project will have great technical and economic benefits, as the project will increase the capacity and efficiency of the electrical networks of the member states of the authority, and the State of Kuwait will be one of the largest beneficiaries of it, as the capacity supporting the electricity network in Kuwait will be increased by about 2500 megawatts, and this will increase the reliability of the Kuwaiti electrical network and raise its operational efficiency.
Al-Ghanim added that the project will have benefits for the network in southern Iraq, where it will be provided with a reliable electric capacity of no less than 500 megawatts.
For his part, the CEO of the Electricity Interconnection Authority of the Cooperation Council for the Arab States of the Gulf, Ahmed Al-Ibrahim, said that the project aims to meet part of the demand for electric power and improve the performance and stability of the network in the Republic of Iraq.
Al-Ibrahim added that the project will also help the member states of the authority to strengthen their national electrical networks and increase their reliability to ensure the sustainability of electrical energy at all times.
He pointed out that the project will contribute to achieving a number of sustainable development goals, including, the third goal (good health and well-being), the fourth goal (quality education), the seventh goal (providing clean and affordable energy), the eighth goal (providing decent work and economic growth), the eighth goal The ninth (industry, innovation and infrastructure), the eleventh goal (providing sustainable cities and local communities), the seventeenth goal (contracting partnerships to achieve the sustainable development goals).
The project consists of the construction of a new interconnection station within the Gulf interconnection system in the Wafra area in the State of Kuwait on an area of about 62,000 square meters and the extension of 400 kV dual-circuit overhead transmission lines with a length of about 255 km to connect the new station with the Al-Fadhili substation in the Kingdom of Saudi Arabia Saudi Arabia and the extension of 400-kilovolt dual-circuit overhead transmission lines from Al-Wafra station to Al-Faw station in the south of the Republic of Iraq, affiliated with the Iraqi Ministry of Electricity, with a length of about 295 kilometers.
The project also includes the supply and installation of circuit breakers, electrical reactors, and measurement and control systems for the construction and expansion of substations in Wafra, Fadhili and Faw.
The project also includes adding new electrical facilities to enhance the network connected to the Wafra station in Kuwait to enable it to accommodate an electrical capacity of about 2500 megawatts, as well as strengthening the network in southern Iraq linked to the Faw station to enable it to accommodate an electrical capacity of no less than 500 megawatts. The project includes advisory services for the preparation of environmental and social studies and supervision of implementation.
The Kuwait Fund loan represents the first loan provided by the Fund to the Electricity Interconnection Authority of the Cooperation Council for the Arab States of the Gulf to finance the project to strengthen the Gulf electrical interconnection system and connect to the southern Iraq network. The Fund also intends to provide a second loan to finance the project according to the terms that will be agreed upon later in the second loan agreement
[You must be registered and logged in to see this link.]
Accordingly, the Fund provides a loan of 35 million Kuwaiti dinars (equivalent to about 115.5 million dollars), to contribute to the financing of the project to strengthen the Gulf electrical interconnection system and connect to the southern Iraq network.
The loan agreement was signed on behalf of the GCC Electricity Interconnection Authority, CEO of the Authority, Ahmed bin Ali Al-Ibrahim, and on behalf of the Kuwait Fund for Arab Economic Development, Director-General Marwan Abdullah Thunayan Al-Ghanim, in the presence of the Secretary-General of the Cooperation Council for the Arab States of the Gulf, Nayef Al-Hajraf.
The Director General of the Kuwait Fund for Arab Economic Development, Marwan Al-Ghanim, said that the project will have great technical and economic benefits, as the project will increase the capacity and efficiency of the electrical networks of the member states of the authority, and the State of Kuwait will be one of the largest beneficiaries of it, as the capacity supporting the electricity network in Kuwait will be increased by about 2500 megawatts, and this will increase the reliability of the Kuwaiti electrical network and raise its operational efficiency.
Al-Ghanim added that the project will have benefits for the network in southern Iraq, where it will be provided with a reliable electric capacity of no less than 500 megawatts.
For his part, the CEO of the Electricity Interconnection Authority of the Cooperation Council for the Arab States of the Gulf, Ahmed Al-Ibrahim, said that the project aims to meet part of the demand for electric power and improve the performance and stability of the network in the Republic of Iraq.
Al-Ibrahim added that the project will also help the member states of the authority to strengthen their national electrical networks and increase their reliability to ensure the sustainability of electrical energy at all times.
He pointed out that the project will contribute to achieving a number of sustainable development goals, including, the third goal (good health and well-being), the fourth goal (quality education), the seventh goal (providing clean and affordable energy), the eighth goal (providing decent work and economic growth), the eighth goal The ninth (industry, innovation and infrastructure), the eleventh goal (providing sustainable cities and local communities), the seventeenth goal (contracting partnerships to achieve the sustainable development goals).
The project consists of the construction of a new interconnection station within the Gulf interconnection system in the Wafra area in the State of Kuwait on an area of about 62,000 square meters and the extension of 400 kV dual-circuit overhead transmission lines with a length of about 255 km to connect the new station with the Al-Fadhili substation in the Kingdom of Saudi Arabia Saudi Arabia and the extension of 400-kilovolt dual-circuit overhead transmission lines from Al-Wafra station to Al-Faw station in the south of the Republic of Iraq, affiliated with the Iraqi Ministry of Electricity, with a length of about 295 kilometers.
The project also includes the supply and installation of circuit breakers, electrical reactors, and measurement and control systems for the construction and expansion of substations in Wafra, Fadhili and Faw.
The project also includes adding new electrical facilities to enhance the network connected to the Wafra station in Kuwait to enable it to accommodate an electrical capacity of about 2500 megawatts, as well as strengthening the network in southern Iraq linked to the Faw station to enable it to accommodate an electrical capacity of no less than 500 megawatts. The project includes advisory services for the preparation of environmental and social studies and supervision of implementation.
The Kuwait Fund loan represents the first loan provided by the Fund to the Electricity Interconnection Authority of the Cooperation Council for the Arab States of the Gulf to finance the project to strengthen the Gulf electrical interconnection system and connect to the southern Iraq network. The Fund also intends to provide a second loan to finance the project according to the terms that will be agreed upon later in the second loan agreement
[You must be registered and logged in to see this link.]
» utube 10/7/24 MM&C Iraq Dinar News-Iraqi Dinar-Liquidity-Sudani Report-Digital Phase-Supreme Court
» utube 10/9/24 MM&C Iraq Dinar News-Optimization-Automation-Digital-Schedule Date-Secured Salaries
» The first project in Iraq to produce wind energy
» MP: No economic feasibility in Aqaba pipeline project
» Abu Saeeda: The American veto prevented Iraq from obtaining the S-400, Khordad and Pavak systems
» Parliamentary Finance Committee confirms imminent release of Ministry of Health allocations
» Federation of Iraqi Chambers of Commerce holds “fruitful” meeting with Kurdistan Regional Government
» Planning conducts new economic survey, expects unemployment rate to decline
» Iraq is the largest buyer of Iranian auto and motorcycle spare parts
» Iraq's oil exports to South Korea exceed 65 million barrels in 8 months
» Iraq offers Saudi Arabia investment opportunities in the agricultural sector
» Al-Sudani: We will continue to implement service projects in Baghdad and the governorates
» New agricultural projects in Diwaniyah
» Transportation: Returning (3) disabled aircraft to service before the end of this year
» Government Communication: Opening (175) schools
» Parliamentary praise for government financial support for {Guests of Iraq}
» Experts: Diversifying revenues is a guarantee of economic stability
» Basra oil approaches $80 per barrel
» New drop in the dollar exchange rate
» Minister of Commerce directs taking measures to preserve food stocks
» Commerce completes requests to lift injustice for its employees according to the amendment to the pe
» Parliamentary union meeting to discuss the proposed law of the Federation of Chambers of Commerce
» GCC countries officially sign contract to implement electricity interconnection project with Iraq
» How prepared is Iraq for an expected "cyber strike"?
» Al-Sudani stresses to the US Ambassador the necessity of major countries’ intervention to stop the Z
» After the Israeli threat to Sistani... Will Baghdad deploy air defense systems around Najaf?
» Who will stop the "collapse of the dinar"? Dollar prices continue to soar in Iraqi markets
» Iraq opens 22 new border posts with Türkiye
» Visited the Russian Supreme Court in Moscow... Today... The Chairman of the Judicial Council signs a
» Minister of Planning discusses with Al-Lami the role of the press in the success of the population c
» Al-Sudani's advisor: A thin Iraqi thread that will not be cut, and who is Abu Ali Al-Askari?
» Regional tension pushes the parliament speaker’s file to “the shelf of oblivion” and there are expec
» Signing the contract to implement the Gulf electricity interconnection with Iraq
» Violations in projects costing 3 billion dinars in Kirkuk
» Ministry of Planning: There are expectations of a decline in unemployment rates
» Nechirvan Barzani: Erbil-Baghdad understanding is key to stability in Iraq
» Central Bank: Loans and advances volume rises to more than 61 trillion dinars
» TBI moves on dollar prices
» International credit rating agency issues warning for region
» "Electronic banks" compete with traditional banks.. Will they succeed in Iraq?
» New rise in dollar exchange rates against the dinar in Iraq today
» The Commission calls for adherence to the rules of electoral conduct in the Kurdistan Parliament ele
» Allocating 16 billion dinars.. New details about purchasing weapons from citizens
» After the absence of the Minister of Oil.. Fuel oil quotas released to “suspicious” factories (docum
» Connecting Iraq with the Gulf at a competitive cost.. Is buying electricity from abroad more feasibl
» NSA Investigating CCP-Backed Hack of Major US Telecommunications Companies
» IV Fluid Shortage: Hospital Group Asks Federal Government to Declare National Emergency
» Rafidain announces contracting with a specialized company and experts in combating money laundering
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» Parliamentary Oil Committee warns: The region is causing a reduction in Iraqi oil revenues
» MP: Court's comment on the phrase "sovereign" obligates the government and region to end foreign pre
» Iraq continues negotiations with British BP to start developing Kirkuk oil fields
» Iraq is the second largest oil supplier to India in nine months
» The Council of Ministers decides to increase the financial costs of a number of stalled projects
» Association of Banks: More than 600 government institutions adopt electronic payment
» Iraqi oil approaches $80 per barrel
» Electricity: Supply hours are declining for this reason
» Parliamentary Committee stresses the need to continue the school feeding project
» The Central Bank continues the actual implementation of banking reform plans
» World Trade Organization
» Parliamentary report: The government has achieved accomplishments in several files
» Government spokesman: We are continuing our efforts to stop the aggression and we reject the logic o
» The government completes the file to join the "WTO"
» Opening of two residential complexes in Babylon
» Facilitating the procedures for issuing a retirement card in Wasit
» Conducting labor market surveys
» Soon.. Opening of (38) new public transport lines
» Education: Announcement of the imminent elimination of illiterate employees from state institutions
» The Ministry of Interior receives more than (1200) requests within the {Your Plate for Your Home} se
» Baghdad Governorate to {Sabah}: Efforts to resolve the file of violations in the capital
» The Iraqi government rejects the accusations of treason directed at Arab brothers and insulting them
» Analysis of the Iraqi government statement on “Arab brothers”: I felt embarrassed after the threats
» Due to lack of jurisdiction.. Federal Court rejects Parliament’s lawsuit regarding withdrawal of coa
» The regional finance department talks about a deficit of about 305 billion dinars in September salar
» Iraq in the grip of its neighbors.. The absence of defensive means puts it at risk
» Iraqi analyst reveals the secret of Biden's document regarding Iran: 4 points that protect Tehran fr
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» US Embassy Sends Five Warning Letters to Baghdad Within 72 Hours - Urgent
» Iraq's budget breathes a sigh of relief with rising oil prices..may witness other "jumps"
» Iraq adopts prepayment for Turkmen gas supply via Iran
» Rafidain clarifies the Cabinet’s decision to approve the contract with K2 Integrity
» Iraqi Trade Announces Strategic Stockpile and Launches “Hypermarket” Markets in Baghdad
» The countdown begins for the US withdrawal from Iraq.. Will it affect the country's security?
» The spread of drug farms in Iraq... a new threat that exacerbates security concerns!
» Launching a package of medical and social guidelines to raise awareness of the dangers of breast can
» The government approves the issuance of the second amendment to the investment system
» Integrity Commission reveals readiness of the law to recover corruption proceeds
» How did the Federal Court interpret the phrase “fully sovereign” in the Constitution?
» Al-Sudani directs the Tax Reform Committee to write a draft law for the sales tax
» Mawazine News publishes the text of the Cabinet decisions in its second session today
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
» Dollar prices fall in Baghdad stock exchanges
» Al-Sudani Advisor: The Ministry of Finance is preparing the 2025 budget tables
» New Cabinet decisions, including those related to “Iraqis deported” from abroad
» List of dollar exchange rates against the dinar in Iraq today
» Ranked 29th out of 100 countries, Iraq raises its gold holdings to more than 152 tons
» The Bank of Iraq extends working hours to complete money transfer transactions
» Central Bank Governor: National Bank Lending Strategy Aims to Stimulate and Activate Economy