GCC Power Grid to provide $5bn for GCC states

The GCC Power Grid will help member countries save up to 5 billion US Dollars from investments in the electricity sector and 1.8 billion US Dollar from fuel costs, Minister of State for Electricity and Water Affairs Dr. Abdul Hussain bin Ali Mirza said.
In a statement to the Bahrain News Agency (BNA) on the sidelines of the opening ceremony of GCC Power 2014, held here today, the Minister welcomed the kingdom's hosting of such distinctive scientific conference devoted to discussing power issues, and ways to develop work in GCC energy ministries to cope with the progress boom currently witnessed by the GCC region, and keep abreast of their rapidly-growing economy.