GCC Power Grid to Save $180 Million per Year in Operating Costs, Looks to Regional Power Trading

SUGAR LAND--November 19, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--The planned common energy market for the Gulf Cooperation Council (GCC) will save $180 million in operational costs, according to Matar Neyadi, chairman of GCC Interconnection Authority (GCCIA). The market is expected to be fully operational within five years, when these annual savings will be realized.

Within this article: Development of the common energy market by the Gulf Cooperation Council.