A purchase contract agreement for approximately 500 megawatts of electrical energy was signed between the Ministry of Electricity, Water and Renewable Energy in the State of Kuwait and the Electricity Interconnection Authority for the Arab Gulf Cooperation Council countries from the State of Qatar, through the Gulf electrical interconnection network extending from the Sultanate of Oman through the Gulf Cooperation Council countries and reaching the State of Kuwait, to cover the needs of the national electricity grid during the summer period.

This purchase step will bring technical and economic benefits to Kuwait, especially with the closeness of the offers submitted for energy purchase prices to the cost of its production, and this comes after conducting the necessary studies.

The State of Kuwait owns 26.7% of the founding shares of the Electricity Interconnection Authority for the Cooperation Council for the Arab States of the Gulf, which is a joint stock company registered by the member states of the Gulf Cooperation Council for the purpose of connecting the electricity networks of the member states, securing energy supply to the networks of the member states, investing, and achieving economic benefits in the areas of energy exchange and diversification. Its sources.

It is noteworthy that the expansion of energy exchange between the countries of the Gulf Cooperation Council comes within the goals for which the Electricity Interconnection Authority was established to support member states with energy in case of need for it.