The success of Gulf states last year in overcoming recurrent power outages by 100 percent, and the savings in electricity resulted from the linkage are evidence of this success, Asharq Al-Awsat newspaper reported.
Saudi Arabia, the United Arab Emirates and Qatar play vital roles in providing power at prime times to other Gulf countries.
Further data indicate the turnover on this investment will increase during the coming years.
Member countries in the project saved more than $214.5 million in 2014, with the savings expected to exceed $500 million by 2022 as a result of increasing power loads, the growing number of factories and population growth in the region.
On a related subject, the 14th General Assembly meeting of the GCC electricity linkage project held in Kuwait under the chairmanship of Matar Hamid Al-Neyadi, chairman of board of directors, undersecretary at the UAE Ministry of Energy, discussed several issues including the fiscal report and financial statements of the body.
"The number of sudden power cuts recorded since the establishment of the linkage network in 2009 stood at 1,200 cases during which member states in the project did not have to disconnect loads and avoided partial or total power cuts in the connected Gulf electricity networks," said Al-Neyadi during the meeting.
He said that the GCC power linkage project has been completed in its three phases after the accession of Oman. "The GCC electricity linkage project is one of the most important and successful strategic GCC projects as energy is the main factor that drives the development process."
With Gulf electricity grid, outages become history
