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UAE accounts for 41% of GCC power trade market in 2017 – Report

UAE accounts for 41% of GCC power trade market in 2017 – Report
Kuwait’s power export stake reached 46%

Abu Dhabi – Mubasher: The UAE made up 41% of the GCC’s power trade market in 2017, the Gulf Cooperation Council Interconnection Authority’s (GCCIA) annual report said.

Power exchange among the GCC nations is implemented through a simple and efficient system depending on supply and demand forces, the report added.

The GGCIA has contributed to easing the transactions between the member countries, especially after four companies in the GCC had signed two deals.

Kuwait’s power export stake reached 46%, followed by the UAE and Bahrain with 41% and 13%, respectively.