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Loan agreed to strengthen UAE-GCC power connectivity
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Loan agreed to strengthen UAE-GCC power connectivity
$205m GCCIA loan agreement Major grid improvements Saudi, Kuwait and Oman upgrades The Abu Dhabi Fund for Development (ADFD) has signed an AED 752 million ($205 million) loan agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the expansion of the GCC power grid interconnection with the UAE’s national grid. The project involves the construction of a 400kV double-circuit overhead transmission line, extending 9…
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