[You must be registered and logged in to see this link.]
KUWAIT SUPPORTS LINKING IRAQI ELECTRICITY WITH THE GULF WITH MILLIONS OF DOLLARS
[You must be registered and logged in to see this link.]
KUWAIT SUPPORTS LINKING IRAQI ELECTRICITY WITH THE GULF WITH MILLIONS OF DOLLARS
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]2 hours ago39Today, Thursday, the Kuwait Fund for Arab Economic Development signed a loan agreement with the Electricity Interconnection Authority of the Cooperation Council for the Arab States of the Gulf.
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 (forming 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 kV 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 km.
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 link with 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.
Source: agencies
[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 (forming 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 kV 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 km.
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 link with 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.
Source: agencies
[You must be registered and logged in to see this link.]
Today at 5:15 am by Rocky
» Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices
Today at 5:14 am by Rocky
» utube 11/8/24 MM&C MM&C -Iraq Dinar-International Stability-Financial System-IMF-Art
Today at 5:08 am by Rocky
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
Today at 5:05 am by Rocky
» Foreign Ministry: Iraqi-Saudi Coordination Council to convene in Baghdad next month
Today at 5:04 am by Rocky
» Travelers demand cancellation of electronic reservations by government banks in selling them dollars
Today at 5:03 am by Rocky
» Al-Sudani directs to increase bank branches to expand financial services and modernize buildings in
Today at 5:01 am by Rocky
» Census Without Nationalities: An Attempt to Write a New Narrative of Iraq’s Unity
Today at 4:59 am by Rocky
» Diplomatic Embrace or the Specter of Sanctions: Iraq Sways in Positions towards Trump
Today at 4:58 am by Rocky
» The National: The British Army Returns to Iraq Under New Pretext
Today at 4:57 am by Rocky
» Zidane and Al-Mandlawi discuss the issue of approving laws related to the work of the judiciary
Today at 4:55 am by Rocky
» MP: The ministerial change is not linked to a specific component or party
Today at 4:54 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Today at 4:53 am by Rocky
» Al-Kroui to Al-Maalouma: 4 oil and gas fields on the table of the upcoming licensing rounds
Today at 4:51 am by Rocky
» Raouf: The region needs more time to form the new government
Today at 4:50 am by Rocky
» Al-Sudani issues 6 directives to increase financial inclusion and raise its indicators in all govern
Today at 4:49 am by Rocky
» Kurdistan Men's Union Diagnoses Danger Threatening Society's "Collapse" and Proposes Polygamy
Today at 4:47 am by Rocky
» Anbar explains details of the Western Desert irrigation project and sets its opening date
Today at 4:46 am by Rocky
» Large ships at the five berths of Al-Faw Port
Today at 4:44 am by Rocky
» Al-Marsoumi: Faw Port and Development Road will generate revenues worth 6 trillion dinars in 2038
Today at 4:43 am by Rocky
» Nearly half of Iraq's factories are "stopped"... moves to rescue them
Today at 4:42 am by Rocky
» Gulf central banks follow the Federal Reserve and cut interest rates
Today at 4:41 am by Rocky
» Iraqis are the most likely to buy real estate in Jordan in 2024
Today at 4:39 am by Rocky
» Iranian-Sudanese agreement to expand economic and trade cooperation
Today at 4:38 am by Rocky
» Completion of 670 schools in all Iraqi governorates
Today at 4:38 am by Rocky
» Al-Sudani's advisor: We have put in place a mechanism to provide loans to these groups
Today at 4:37 am by Rocky
» A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq
Today at 4:36 am by Rocky
» A dialogue seminar in Basra discusses the anti-torture file and fair trial mechanisms
Today at 4:33 am by Rocky
» The conclusion of the Ninth International Scientific Conference of the College of Veterinary Medicin
Today at 4:32 am by Rocky
» Minister of Interior from Amman: The government has launched a major campaign to improve the service
Today at 4:31 am by Rocky
» Al-Bujari: The Grand Faw Port Project is an opportunity to do justice to graduates of maritime speci
Today at 4:29 am by Rocky
» Al-Sudani announces a package of new banking directives to enhance financial inclusion in the govern
Today at 4:27 am by Rocky
» Iraqi oil returns to gains as Iran-Israel tensions escalate
Today at 4:25 am by Rocky
» Next week... Parliament is close to resolving the controversial laws
Today at 4:22 am by Rocky
» Zidane discusses with Mandalawi and Maliki cooperation between the judicial and legislative authorit
Today at 4:21 am by Rocky
» Al-Atwani to Al-Maliki: We have embarked on a new philosophy for managing the financial sector based
Today at 4:20 am by Rocky
» Al-Sudani issues a set of recommendations to reform the financial and banking system in Iraq
Today at 4:18 am by Rocky
» Iraq's Maritime Future.. Everything You Need to Know About Faw Port and Completion Rates (Video)
Today at 4:17 am by Rocky
» Trump poses a threat to Iraq's budget
Today at 4:16 am by Rocky
» A detailed explanation of the implications of Trump’s victory on Iraqi oil policy
Today at 4:14 am by Rocky
» Minister of Interior inaugurates the unified card system at the Iraqi Consulate in Jordan
Today at 4:13 am by Rocky
» Iraqi Parliament extends its legislative term until the ninth of next month
Today at 4:11 am by Rocky
» Parliamentary Services: We will hold accountable those responsible for the failure in the sewage dep
Today at 4:09 am by Rocky
» Urgent demands to withdraw US forces and warning against Washington's procrastination
Today at 4:08 am by Rocky
» Why did Qatar enter the Total project: A report criticizes China’s “colonial entry” into Iraq
Today at 4:06 am by Rocky
» Parliamentary movement to pass 5 “important” laws
Today at 4:05 am by Rocky
» Iraqi congratulations and divided positions.. What after Trump's victory?
Today at 4:04 am by Rocky
» Parliament Presidency decides to extend legislative session for 30 days
Today at 4:01 am by Rocky
» Government Media Announces Completion of 670 Model Schools in All Governorates
Today at 4:00 am by Rocky
» More than 10 billion dinars.. Sulaymaniyah and Halabja imports in a week
Today at 3:59 am by Rocky
» Parliamentarian reveals reasons behind the phenomenon of "loose weapons" and details of the state ad
Today at 3:56 am by Rocky
» "Everything Above Ground"... What does the population census include?
Today at 3:53 am by Rocky
» Increasing complaints and slow processing of transactions.. Demands for the necessity of replacing t
Today at 3:52 am by Rocky
» Can Iraq prosecute Trump using old arrest warrant?
Today at 3:50 am by Rocky
» Calls to revive 35,000 idle factories
Yesterday at 7:35 am by Bama Diva
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
Yesterday at 6:51 am by Rocky
» With the document.. Cancellation of the suspension of the agricultural plan in the Iraqi "breadbaske
Yesterday at 5:13 am by Rocky
» Economist criticizes government's neglect of tourism, agriculture and dependence on oil
Yesterday at 5:12 am by Rocky
» Al-Sudani: The development path will be an artery linking most countries in the region
Yesterday at 5:11 am by Rocky
» Parliamentary bloc: Popular Mobilization Forces retirement law ready for voting
Yesterday at 5:10 am by Rocky
» Al-Kadhimi: Financial costs and government insistence will force Americans to withdraw militarily
Yesterday at 5:09 am by Rocky
» Parliamentary Committee Rejects Inclusion of Public Money Thieves in Amnesty Decision
Yesterday at 5:08 am by Rocky
» Al-Mashhadani directs to resolve differences over draft laws before submitting them to Parliament
Yesterday at 5:07 am by Rocky
» Emaar: Launching the housing loan application form in early 2025
Yesterday at 5:04 am by Rocky
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
Yesterday at 5:03 am by Rocky
» Al-Sudani: We faced major challenges in implementing the “Greater Iraq” project
Yesterday at 5:02 am by Rocky
» Iraqi Ports reveals in numbers the percentage of completion in the Grand Faw Port projects
Yesterday at 5:00 am by Rocky
» More than $300 million.. Central Bank sales increase in today's auction
Yesterday at 4:59 am by Rocky
» Faw Port prepares to receive the first commercial ship
Yesterday at 4:57 am by Rocky
» Service Effort of {Sabah}: Completing all projects with high implementation rates before the end of
Yesterday at 4:57 am by Rocky
» Government agency for digital transformation
Yesterday at 4:55 am by Rocky
» Parliamentary Committee: Final version of the National Day Law
Yesterday at 4:54 am by Rocky
» Al-Imar to {Sabah}: Launching the housing loan application form at the beginning of 2025
Yesterday at 4:53 am by Rocky
» Iraq looks forward to a new phase after Trump's victory
Yesterday at 4:52 am by Rocky
» Training workshops to help the unemployed in Kirkuk
Yesterday at 4:51 am by Rocky
» Nineveh to open oncology hospital in early 2025
Yesterday at 4:50 am by Rocky
» Service Effort: Completion of all projects that exceeded 80% completion rates.
Yesterday at 4:49 am by Rocky
» Parliamentary Health: The environment needs 2.6 billion dinars to operate air purification stations
Yesterday at 4:48 am by Rocky
» Transportation: 20 public transport lines to be launched this month
Yesterday at 4:47 am by Rocky
» Al-Emaar to {Al-Sabah}: Launching the housing loan application form in early 2025
Yesterday at 4:46 am by Rocky
» The most prominent achievements of Al-Sudani's government in the youth care and sports sector files
Yesterday at 4:45 am by Rocky
» Planning: The percentage of women in the workforce does not exceed 13 percent
Yesterday at 4:43 am by Rocky
» Baghdad is the capital of Arab tourism
Yesterday at 4:42 am by Rocky
» Al-Sudani: The Grand Faw Port is Iraq's largest project
Yesterday at 4:39 am by Rocky
» Parliamentary Foreign Affairs Committee to NINA: This is what is delaying the selection of the list
Yesterday at 4:38 am by Rocky
» Parliamentary lawsuit to challenge the contract with the International Finance Corporation
Yesterday at 4:37 am by Rocky
» Minister of Justice issues directive regarding foreign lawsuits file
Yesterday at 4:35 am by Rocky
» How will Trump's victory affect Iraq?
Yesterday at 4:33 am by Rocky
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
Yesterday at 4:31 am by Rocky
» Formation of the regional government.. How much influence does the new US administration have on the
Yesterday at 4:30 am by Rocky
» Al-Sudani announces the receipt of the five berths that represent the backbone of Al-Faw Port
Yesterday at 4:29 am by Rocky
» Despite its global rise... Iraqi oil returns to the red zone
Yesterday at 4:27 am by Rocky
» Iraq Counts on the Grand Faw Port, and an Expert Says: It Will Change the Economy - Urgent
Yesterday at 4:25 am by Rocky
» Rafidain Bank expands comprehensive banking system to include 48 branches
Yesterday at 4:23 am by Rocky
» "The reference" indicates the seriousness of the situation... and the political forces "shuffle the
Yesterday at 4:22 am by Rocky
» Criminal wanted by Iraqi judiciary.. Rashid and Al-Sudani’s congratulations to Trump spark widesprea
Yesterday at 4:21 am by Rocky
» State Administration Coalition holds meeting with Al-Sudani and Al-Mashhadani in attendance
Yesterday at 4:19 am by Rocky
» Parliamentary Security and Defense: There are “fake” security companies run by “suspicious” figures
Yesterday at 4:18 am by Rocky
» Fares Issa meets the Czech Ambassador to Iraq
Yesterday at 4:17 am by Rocky