Sharm El-Sheikh – Egypt will be launching a 2,000-megawatt electricity interconnection project with Saudi Arabia over the coming period, said the Arab republic’s Minister of Electricity and Renewable Energy, Mohamed Shaker.
Tenders for implementing the project have been finalised, Shaker added on the sidelines of the first forum of heads of African investment agencies.
Egypt and Saudi Arabia penned a cooperation agreement in 2021 to implement an electricity interconnection project to exchange 3,000 megawatts of power. The project was reportedly going to cost $1.6 billion, with its first phase due operation in the beginning of 2023.
Source: Mubasher Exclusive
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