Polish expert to create power exchange for Persian Gulf countries

Grzegorz Onichimowski, the co-creator of  the Polish Power Exchange (TGE) was hired by GCCIA (Gulf Cooperation Council Interconnection Authority) to establish a joint power stock exchange, Puls Biznesu daily reported. Onichimowski will take the post of Head of Market Operations at GCCIA, which was founded by Saudi AArabia, Bahrain, the United Arab Emirates, Kuwait, Oman and Qatar, according to the daily. "These six countries set up the GCCI fourteen years ago in order to build up energy cooperation. Firstly, they constructed cross-border high voltage power lines that are already operational. But there is no trade, cross-border exchange is not planned and the billing system needs to be changed. The creation of the common market is the second step," Onichimowski said.