The Electricity Ministry appears to be moving ahead with plans to link our national grid with Sudan’s, according to Al Masry Al Youm. The first phase of the USD 60-70 mn project will involve the construction of antenna lines for total investments of USD 6.7 mn, ministry spokesperson Ayman Hamza tells the newspaper. The lines will run for 100 KM, from Toshka in Egypt to Wadi Halfa in Northern Sudan, and take three months to complete. A delegation from India’s Larsen & Toubro, which won the tender for the project, visited the site last week to begin laying the groundwork, Hamza added. Sources had said last month that the first phase of the project, which should see Egypt and Sudan exchange some 300 MW of power, would be operational by December of this year.
More from Enterprise
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn,…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…