GCCIA, QDF ink financing agreement for Oman direct interconnection project (Times of Oman)

Written By Kirsten McCracken

Source: Wikipedia

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Muscat: Gulf Cooperation Council Interconnection Authority (GCCIA) and the Qatar Development Fund (QDF) formalized their partnership in a landmark financing agreement to the tune of $100 million.

The event took place in a ceremony held on Thursday in Muscat under the patronage of Eng. Salim Nassir Al Aufi, Minister of Energy and Minerals. This agreement paves the way for a transformative direct grid connection project linking the GCCIA network with the Sultanate of Oman, the total cost of which exceeds $700 million.

The agreement was duly executed by Eng. Ahmed Ali Al-Ebrahim, CEO, on behalf of the GCCIA, and Fahad Hamad Al Sulaiti, Director General, on behalf of the Qatar Fund for Development.

Kirsten McCracken
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