GCCIA to invest in renewable energy projects, says CEO

23/06/2018 Argaam

 

Gulf Cooperation Council Interconnection Authority (GCCIA) is set to update its future strategic plans towards investing in renewable energy projects, Al-Eqtisadiah reported, citing Ahmed Al-Ebrahim, GCCIA’s CEO.

 

Saudi Arabia will be the top beneficiary from establishing the electric power market project, as the Kingdom is GCCIA’s major contributor by 32 percent, he said.

 

The Kingdom will be able to export its surplus of electric power output to neighboring countries such as Jordan, India, Yemen and Ethiopia, he added.

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