OPEC: two billion dollars the cost of the Arab electricity linkage projects

by **Rocky** Sat 07 May 2016, 6:16 am

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OPEC: two billion dollars the cost of the Arab electricity linkage projects

by Rocky Sat 07 May 2016, 6:16 am

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OPEC: two billion dollars the cost of the Arab electricity linkage projects

May 7, 2016

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OPEC: two billion dollars the cost of the Arab electricity linkage projects 32377-640x472

Our economy / Agencies
The Organization of Arab Petroleum Exporting Countries (OAPEC) that the total cost of the projects Arab electricity grid, which has spent the past two decades, amounted to about two billion dollars.
She (OAPEC) in monthly published, what was spent on the project 'Eight electrical connection was about $ 556 million and about $ 196 million for the project Maghreb electrical connection, and about $ 1.1 billion to the Gulf electricity linkage project.
She added that the electric power consumption rates in many of the Arab countries on the rise and the high rates as a result of the process of urbanization and the continuing population growth witnessed by the states.
The organization pointed out that the Arab electricity interconnection projects of the highlights of major achievements in the process of joint Arab action, a project to link eight between Egypt, Iraq, Jordan, Lebanon, Libya, Palestine, Syria and Turkey, and the project Maghreb link between Libya, Tunisia, Algeria and Morocco, and project electrical connection of the Gulf Cooperation Council (GCC).

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