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(From China Daily)
Saudi Arabia and Kuwait are among four Persian Gulf states that plan to spend US$1.2 billion during the next three years to link their power grids and create the region's first international market for trading electricity.
Suppliers such as ABB Ltd, Europe's largest electrical-engineering company, and Areva SA will be invited in January to bid for 13 contracts to build the first phase of the 400-kilovolt, high-voltage network that will also include Qatar and Bahrain, said Abdul Majeed Abdul Kareem, acting chief executive for the GCC Interconnection Authority.
The Persian Gulf countries have started to allow foreign companies, …