GCCIA, Sohar Bank finalise USD 500 Million Oman-Gulf Power Interconnection

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The GCC Interconnection Authority (GCCIA) and Sohar International Bank have recently signed a $500 million interim financing agreement to support the implementation of a direct electricity interconnection project linking the authority’s grid with that of the Sultanate of Oman.

The project aims to enhance regional energy security and increase opportunities for electricity trade and exchange among the Gulf Cooperation Council member states, in a strategic step that reflects the depth of Gulf integration.

The Oman–Gulf electricity interconnection project includes the construction of a 400-kilovolt double-circuit transmission line linking the Al-Sila station, owned by the GCCIA in the UAE, with the Ibri station, to be established by the Authority in Oman. The total length of the line will be 530 kilometers.

Source: Wikipedia