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Saudi’s KAPSARC, GCC Interconnection Authority ink electricity market support MoU

Saudi’s KAPSARC, GCC Interconnection Authority ink electricity market support MoU
Saudi’s KAPSARC, GCC Interconnection Authority ink electricity market support MoU

Riyadh - Mubasher: The King Abdullah Center for Petroleum Studies and Research (KAPSARC) has signed a memorandum of understanding (MoU) with the Gulf Cooperation Council Interconnection Authority (GCCIA), Saudi Press Agency (SPA) reported on Sunday.

The MoU, which was signed on the sidelines of Saudi Arabia Smart Grid and Sustainable Energy Conference and Exhibition recently concluded in Jeddah, will help bolster the research partnership in Saudi Arabia’s electricity sector.

It will also help develop researches that “affect the efficiency of the electricity markets in GCC countries,” according to SPA.

The agreement will further entail research, seminars, and studies in the field of development added to the establishment of a joint GCC market for electrical energy.