The UAE Ministry of Energy and Infrastructure (MoEI) participated in the second committee meeting of the Joint Arab Electricity Market and the second phase of the Knowledge Sharing Program, hosted by the GCC Interconnection Authority in its headquarters in Dammam, KSA, and organized by the Arab League and the Arab Ministerial Council for Electricity.
His Excellency Eng Ahmed Al Kaabi, Assistant Undersecretary for Electricity, Water, and Future Energy Sector at MoEI, headed the UAE delegation to the meeting that focused on plans to develop the Joint Arab Electricity Market through examining the developments and experiences of the African and European electricity markets.
His Excellency Eng Al Kaabi said: “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, as well as meeting countries’ increasing needs for electricity due to population and industrial growth, propelling national economies by diversifying income, and enhancing their sustainable development.”