Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

REGIONAL

Areva Awarded GCC Power Grid Contracts

Paris-based Areva Transmission and Distribution announced on 17 November it had signed two contracts with the Gulf Cooperation Council Interconnection Authority, totaling $233.5mn to build the Middle Easts first high-voltage direct current (HVDC) station and a fully integrated grid automation system. The contracts are part of the first phase of a $1bn project to develop a transmission grid...