Doha power station in Kuwait. Some Gulf countries will soon be supplying electricity to Iraq. Gustavo Ferrari / The National
Doha power station in Kuwait. Some Gulf countries will soon be supplying electricity to Iraq. Gustavo Ferrari / The National
Doha power station in Kuwait. Some Gulf countries will soon be supplying electricity to Iraq. Gustavo Ferrari / The National
Doha power station in Kuwait. Some Gulf countries will soon be supplying electricity to Iraq. Gustavo Ferrari / The National

Arab countries to sign electricity trading agreement in Cairo next week


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Arab countries will sign an agreement in Cairo next week to pave the way for power trading between the GCC and the broader Middle East and North Africa region.

One of the most important agenda items at an Arab ministerial meeting in the Egyptian capital will be the signing of the pan-Arab electricity market agreement, “which will set in motion the possibility of trading between the GCC and [other] Arab countries”, Ahmed Al Ebrahim, chief executive of the GCC Interconnection Authority, told The National during the RAK Energy Summit in Ras Al Khaimah.

Mr Al Ebrahim also said an electricity interconnection project linking Iraq with the GCC grid is expected to start operations in 2025.

“We're planning to start exporting electricity to Iraq next year. We are having our discussions with the Iraqi side on all the agreements and all the details,” he said.

“That will be a good start for the GCC countries now with the energy transition, on how to utilise the excess capacity coming from renewables to sell to other regions who are in need.”

The GCC, comprising Bahrain, the UAE, Kuwait, Saudi Arabia, Qatar and Oman, commissioned a study in 1986 on the idea of connecting electricity grids across the Middle East.

Subsequent studies laid out a road map and in 2001, the GCCIA was formed. By 2011, all GCC countries were connected, with the exception of Oman, which was linked up the following year.

A project to connect Saudi Arabia with Egypt undertaken by the Saudi Electricity Company is in an “advanced stage” and may be completed next year or in 2026, Mr Al Ebrahim said. It would allow for 3,000 megawatts of electricity to be exchanged between the two countries.

Asked if the GCC would be the main power supplier to a pan-Arab grid, Mr Al Ebrahim said it would depend on availability and pricing. "It's not always one side selling to the other side but it's dynamic, depending on the potential in the market," he said.

"We in the GCC have very similar peak times [and] connecting with other regions like Egypt ... will [result in] a window of opportunity to export and maybe sometimes import."

By connecting a number of grids, a failure in one region can be mitigated by drawing power from others, reducing the likelihood of widespread blackouts.

Countries such as Lebanon, Egypt and Iraq have been facing severe and prolonged power cuts due to ageing infrastructure, fuel shortages and surging demand during the summer.

The agreement will be signed against the backdrop of soaring geopolitical tension in the Middle East, which have severely affected some economies and raised questions about the feasibility of certain long-term infrastructure projects involving countries from the region.

However, there is a strong "political will" in the GCC to establish an interconnected power grid, Mr Al Ebrahim said.

"We have all the support we need from the GCC and the Arab world," he added. "Most of the Arab countries are also supporting it, especially Egypt, Jordan, Morocco and some of the others."

The long-term vision is to have an interconnected global power grid, which will enable electricity to be generated in any region, such as Asia, Africa or Europe, and then transmitted to areas of high demand, the official said.

For instance, India and the UAE are in "serious discussions" to link their electricity grids, Mr Al Ebrahim said, without providing further details.

Last year, Indian media reported that the world's most populous country was considering linking its power grid to those of Saudi Arabia and the Emirates through undersea cables.

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Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

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Rating: 1.5/5 

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Results

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6.55pm: Al Maktoum Challenge Round-1 – Group 1 (TB) $390,000 (D) 2,000m; Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass

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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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MATCH INFO

Manchester City 3 (Sterling 46', De Bruyne 65', Gundogan 70')

Aston Villa 0

Red card: Fernandinho (Manchester City)

Man of the Match: Raheem Sterling (Manchester City)

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

DUBAI SEVENS 2018 DRAW

Gulf Men’s League
Pool A – Dubai Exiles, Dubai Hurricanes, Bahrain, Dubai Sports City Eagles
Pool B – Jebel Ali Dragons, Abu Dhabi Saracens, Abu Dhabi Harlequins, Al Ain Amblers

Gulf Men’s Open
Pool A – Bahrain Firbolgs, Arabian Knights, Yalla Rugby, Muscat
Pool B – Amman Citadel, APB Dubai Sharks, Jebel Ali Dragons 2, Saudi Rugby
Pool C – Abu Dhabi Harlequins 2, Roberts Construction, Dubai Exiles 2
Pool D – Dubai Tigers, UAE Shaheen, Sharjah Wanderers, Amman Citadel 2

Gulf U19 Boys
Pool A – Deira International School, Dubai Hurricanes, British School Al Khubairat, Jumeirah English Speaking School B
Pool B – Dubai English Speaking College 2, Jumeirah College, Dubai College A, Abu Dhabi Harlequins 2
Pool C – Bahrain Colts, Al Yasmina School, DESC, DC B
Pool D – Al Ain Amblers, Repton Royals, Dubai Exiles, Gems World Academy Dubai
Pool E – JESS A, Abu Dhabi Sharks, Abu Dhabi Harlequins 1, EC

Gulf Women
Pool A – Kuwait Scorpions, Black Ruggers, Dubai Sports City Eagles, Dubai Hurricanes 2
Pool B – Emirates Firebirds, Sharjah Wanderers, RAK Rides, Beirut Aconites
Pool C – Dubai Hurricanes, Emirates Firebirds 2, Abu Dhabi Saracens, Transforma Panthers
Pool D – AUC Wolves, Dubai Hawks, Abu Dhabi Harlequins, Al Ain Amblers

Gulf U19 Girls
Pool A – Dubai Exiles, BSAK, DESC, Al Maha
Pool B – Arabian Knights, Dubai Hurricanes, Al Ain Amblers, Abu Dhabi Harlequins

Updated: November 28, 2024, 1:16 PM`