Egypt and Sudan will launch the first phase of the joint electricity interconnection project this month that will see them share 50 MW of capacity, the local press reported, citing a government official. The project reportedly cost EGP 509 mn and spans 1k km. The grid interconnection project has been planned for years, but was delayed by political upheaval in Sudan and complications from discussions over the Grand Ethiopian Renaissance Dam. There are many other interconnection agreements in the pipeline as Egypt aims to become a Mediterranean energy hub.
More from Enterprise
Our friends at EFG Hermes and Beltone pick up fresh accolades, along with CIB
EFG Hermes retained the top corporate access spot on Extel’s…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Inside the retail wave reshaping EGX
Individuals are setting EGX prices day to day, trading on…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…