Egypt begins work on exporting power to neighbors

The Electricity Ministry has begun work on electricity interconnection projects with Saudi Arabia, Jordan, Syria, Lebanon, Iraq, Morocco, Libya, Tunisia, and Algeria, in a bid to export the surplus power it is generating, government officials tell Al Borsa. This comes despite reports we noted last week that the electricity interconnectivity grid tender with Saudi has been postponed. The ministry is expecting the country’s surplus electricity to rise to 10 GW from a current 5.5 GW once the Siemens power plants come online at the of the year and will be downgrading the generating capacity at some of its other fuel-intensive power plants once that happens to save up on gas.