Electricity pylons near the Burj Khalifa in Dubai. (PA)
The six Gulf Cooperation Council (GCC) states will soon be able to trade power with each other on an exchange.
The new platform will be a scaled-down version of the original design and will handle smaller volumes and fewer products. The facility will be adapted and expanded over time to allow for a gradual migration towards exchange trading and to limit the initial costs of the project.
An interconnector completed in 2011 was intended to allow the GCC’s six member states – Bahrain, Qatar, Kuwait, Saudi Arabia,...
- You have reached an article available exclusively to subscribers
- Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
- Get a free trial Already a subscriber? Sign in
