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Saudi Arabia and Iraq have integrated the GCC electricity market connection between the two countries, possibly allowing electricity energy sales volumes to reach $300 million each year. In the future, GCC leaders hope to further integrate the connection across other countries, and promote the creation of bilateral agreements and reserve essential transmission lines needed for the transmission of electric power among regional partners. This development is helping Iraq bridge its wattage gap, as it is only able to produce 25 out of its needed 35 gigawatts of energy. 

Saudi Arabia inaugurates GCC electricity market connection with Iraq worth $300m

Saudi Arabia and Iraq have integrated the GCC electricity market connection between the two countries, possibly allowing electricity energy sales volumes to reach $300 million each year. In the future, GCC leaders hope to further integrate the connection across other countries, and promote the creation of bilateral agreements and reserve essential transmission lines needed for the transmission of electric power among regional partners. This development is helping Iraq bridge its wattage gap, as it is only able to produce 25 out of its needed 35 gigawatts of energy. 



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