CAIRO – 15 July 2024: Egypt and Saudi Arabia have made significant progress in the implementation of their electrical interconnection project. Approximately 60 percent of the project has been completed, According to a government official interviewed by Asharq Bloomberg.
The first phase of operations is scheduled to commence in July 2025, with an estimated cost of $1.8 billion.
The project aims to establish a maximum capacity of 3,000 megawatts, which is expected to be achieved by early 2026.
The electrical interconnection project presents various opportunities for Egypt, including the potential to export electricity to Asia and Europe. Additionally, it will strengthen connections with neighboring countries and contribute to addressing the ongoing electricity crisis within Egypt.
The project involves the construction of three large high-voltage transformer stations strategically located in Tabuk, a city in Saudi Arabia's eastern region, and Badr City, situated east of Cairo, Egypt. These stations will be interconnected through overhead lines spanning approximately 1,350 kilometers, supplemented by marine cables.
The successful bidding process for this project was the result of a collaborative effort involving three reputable international companies.
In related news, ACWA Power, a Saudi company, recently announced the start of operations for the Kom Ombo solar power station project in Egypt.
This project has a production capacity of up to 200 megawatts and is expected to contribute to Egypt's renewable energy goals. The project agreement with the Egyptian Electricity Transmission Company extends over 25 years, with a total investment cost of SR 611 million.
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