No 20



Gulf States Approve Funding Plan For GCC Power Grid

Energyministers of the GCC states, at a meeting in Jiddah on 9 May, approved a plan to finance the establishment of a power grid linking the six member countries. The overall cost of the scheme has been estimated at $6bn. The first phase, linking Kuwait, Saudi Arabia, Bahrain and Qatar, will cost $2.25bn and is in the prequalification stage (for a detailed breakdown of the components of Phase 1, see MEES, 1...