Egypt and Saudi Arabia to sign electricity interconnection project by May 2020

Egypt and Saudi Arabia are due to complete signing all electricity interconnection project contracts by May 2020, head of the Egyptian Electricity Transmission Company Sabah Mashaly told the local press. She noted that a consultant has been selected to survey the route of the maritime cables, which had been changed by the Saudis to avoid conflict with their USD 500 bn Neom city megaproject. The new route is 25 km long up from the original 16 km, which raised the costs by 30%.