Cairo – Mubasher: Egyptian Electricity Transmission Co and Saudi Electricity Company have signed contracts for the electricity interconnection project.
The project will link between the largest electricity networks in the region which will see the exchange of 3,000 megawatts (MW) of power, the Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, said in a statement on Tuesday.
The high voltage direct current (HVDC) interconnection project includes signing agreements with three local and international alliances for the construction of a 500 kilovolt (kV) link.
The contracts involve the establishment of three high-voltage plants, namely East Medina and Tabuk in Saudi Arabia and Badr plant in East Cairo, which will be connected through overhead lines extending for 1,350 metres and submarine cables crossing the Gulf of Aqaba at a length of 22 kilometres. The total value of the project amounts to $1.8 billion.
For his part, the Saudi Minister of Energy, Abdulaziz bin Salman, said that the project comes in line with Saudi Vision 2030 which aims at investing in the strategic position and capabilities of the kingdom in order to be a regional hub for electricity exchange.