Egypt, Saudi Arabia to sign electricity interconnection contracts in two months

Egypt and Saudi Arabia are expected to sign contracts for their USD 1.6 bn electricity interconnection project “in two months’ time,” Electricity Minister Mohamed Shaker told reporters yesterday, Youm 7 reports. Egypt has completed all the necessary prep work for the project, which should see the two countries exchange up to 3 GW of power. Shaker also said that a similar interconnection project with Sudan would be established “within four months.” Egypt had made these interconnection projects a mainstay of foreign economic cooperation, with plans for projects underway with Jordan and potential plans with Cyprus.