EETC receives new route for USD 2.5 bn Egypt-Saudi electricity project

EETC has received the details of a new route for the USD 2.5 bn Egypt-Saudi interconnection project, head Sabah Mashaly said. The original route for the power transmission lines had to be redrawn by the Saudis to avoid conflict with their USD 500 bn Neom city megaproject. Egypt’s government was waiting for construction to start after having already launched the power line tenders. The Saudi government, meanwhile, will reportedly issue its tender in June. Authorities from both sides have previously agreed to finalize preparations in December, and begin construction by no later than 1Q2020.