KFAED signs loan agreement with GCCIA for extending grid connection

The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement worth USD115.5 million with the Gulf Cooperation Council Interconnection Authority (GCCIA) for financing of the development of the Gulf Cooperative Council electricity interconnection system and further connecting it with the Iraq’s grid.

The aim of the project is to increase the capacity and efficiency of the electricity networks of the member states. Kuwait, which is the largest beneficiary of the project, will see an increase of 2,500 MW of capacity supporting. The capacity of the electricity grid in Southern Iraq will increase by 500 MW. The project entails construction of a new connecting plant with the Gulf connecting system in Al-Wafra city in Kuwait, as well as the expansion of a 295-km-long, 500 kV dual-circle transmission line from Al-Wafra to Al-Faw city station in southern Iraq. The project also includes the supply and installation of measurement and control systems for the construction and expansion of conversion stations in the cities of Al-Wafra (Kuwait), Al-Fathaili (Saudi Arabia) and Al-Faw (Iraq). Further, new electrical installations will be installed at the Al-Wafra station to enable it to absorb 2,500 MW of generated capacity.

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