Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Tuesday with Iraqi Minister of Electricity Eng. Ziyad Ali Fadel.The Saudi-Iraqi interconnection project will support the reliability of the electrical networks in the two countries, enhancing savings, ensuring optimal energy exchange for electricity production, and attracting optimal investments in electricity generation projects in Saudi Arabia and Iraq.

The meeting also discussed opportunities for cooperation between the two countries in the field of renewable energy, benefiting from the capabilities and expertise of ACWA Power in this vital field, and its contributions to the development of future projects in Iraq.

The meeting discussed the Kingdom's pioneering experience in the field of smart meters, how to transfer it to the Iraqi side, and opportunities for Saudi companies to participate, alongside Iraqi companies, as contractors and manufacturers in developing the infrastructure for smart meters.

The Iraqi side was briefed on the financial and regulatory reforms witnessed by the electricity sector in the Kingdom in the past three years and the possibility of exchanging expertise between the two countries in this field.