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UAE participates in committee meeting of Joint Arab Electricity Market in Saudi Arabia

UAE participates in committee meeting of Joint Arab Electricity Market in Saudi Arabia
15 May 2024 14:08

DAMMAM (WAM)

The United Arab Emirates, represented by the Ministry of Energy and Infrastructure (MoEI), took part in the second committee meeting of the Joint Arab Electricity Market and the second phase of the Knowledge Sharing Programme.

Hosted by the GCC Interconnection Authority at its headquarters in Dammam, KSA, the event was organised by the Arab League and the Arab Ministerial Council for Electricity.

Assistant Under-Secretary for Electricity, Water, and Future Energy Sector at MoEI, Ahmed Al Kaabi, headed the UAE delegation to the meeting.

It focused on plans to develop the Joint Arab Electricity Market by examining the developments and experiences of the African and European electricity markets.

He commented, “The joint venture will bring a host of technical, economic, and environmental benefits. It paves the way for establishing an Arab market for electricity trading, which will improve the resilience of electricity networks against disruptions."

"The market will play a key role in providing highly efficient electricity supply at affordable prices and meeting countries' increasing needs for electricity due to population and industrial growth, propelling national economies by diversifying income, and enhancing their sustainable development,” he added.

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