Additionally, the source added that the first operation phase will start in July 2025, for $1.8 billion.
Egypt and Saudi Arabia have completed the implementation of 60% of the electrical interconnection project between the two countries, according to an Egyptian government official who spoke to Asharq Bloomberg.
Additionally, the source added that the first operation phase will start in July 2025, for $1.8 billion.
The maximum capacity of the electrical interconnection project, which has a production capacity of about 3,000 megawatts, will be completed at the beginning of 2026.
By undertaking this project, numerous opportunities arise for exporting electricity to Asia and Europe, fostering stronger connections with neighboring nations, and effectively tackling the prevailing electricity crisis within the country.
The project entails the establishment of three massive high-voltage transformer stations strategically located in the eastern region of the Saudi city, Tabuk, and Badr City, situated east of Cairo.
These stations are interconnected through overhead lines spanning approximately 1,350 kilometers, supplemented by marine cables.
The successful bidding of this project has been accomplished through a collaborative effort involving a coalition of three esteemed international companies.
Earlier in July, the Saudi company ACWA Power announced the start of operation of the Kom Ombo solar power station project in Egypt with a production capacity of up to 200 megawatts, according to a disclosure on the Saudi Stock Market Tadawul.
The project agreement with the Egyptian Electricity Transmission Company extends 25 years, with a total investment cost of SR 611 million.
