{"id":557465,"date":"2021-09-20T04:00:56","date_gmt":"2021-09-20T04:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/"},"modified":"2021-09-20T04:00:56","modified_gmt":"2021-09-20T04:00:56","slug":"egypt-to-soon-ink-contracts-for-ksa-linked-power-network","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/","title":{"rendered":"Egypt to soon ink contracts for KSA-linked power network"},"content":{"rendered":"

<\/a> Egypt is close to signing contracts for a 2 GW electricity transmission network <\/strong>that will link Egypt\u2019s electricity grid to Saudi Arabia,<\/strong> Electricity Minister Mohamed Shaker told eXtra News<\/a> last Wednesday.<\/p>\n

Wait a second:<\/strong> This is 1 GW less than was previously expected. Shaker said back in 2018<\/a> that the connection would have a 3 GW transmission capacity.<\/p>\n

Egypt will fund about 40% of the project, while Saudi Arabia will pay for the remaining 60%, <\/strong>MEED writes<\/a>. The USD 1.6 bn project is looking to connect both countries\u2019 grids with 900 km of overhead transmission cables. The project is expected to go live in 2023, after being delayed<\/a> from an original 2021 launch date due to Saudi Arabia\u2019s Neom project.<\/p>\n

Eight companies have so far made bids for the construction of the project<\/strong> in a tender that went live earlier this month, MEED reports. Saudi Arabi\u2019s Alfanar has so far submitted the highest bid at USD 624.8 mn, while South Korea's Hyundai Engineering and Construction presented the lowest bid of USD 446.8 mn.<\/p>\n

Two consortiums have submitted proposals in early May to design and build four USD 1 bn substations across both countries as part of the project,<\/strong> the business intelligence wire adds. A Chinese-led consortium, as well as a team comprising Hitachi, Orascom and Saudi Services for Electromechanic Works (SSEM) have so far bid for the substations contract. The project was originally supposed to go live<\/a> last year but was pushed back to 2023 due to Saudi Arabia\u2019s USD 500 bn futuristic city project, Neom. The cable routes extend 25 km across the sea bed.<\/p>\n

\n

IN OTHER ENERGY NEWS-<\/strong><\/p>\n

Egypt and Cyprus have agreed to begin studies that would pave the way for <\/strong>Cypriot gas to be sent to Egypt for re-export<\/strong>, the Cypriot press reported on Thursday<\/a>. A meeting between the Egyptian Oil Ministry and the Cyprus Hydrocarbons Company discussed ways to improve the design of the pipeline that would run from Cyprus\u2019 Aphrodite gas field to the Damietta and Idku LNG plants. Officials from both countries have reportedly been in \u201cextensive discussions\u201d<\/a> over the pipeline project since early this month. Two more meetings will take place before the end of the year.<\/p>\n

\n

Misr Methanol will within days sign a land use contract to build a new USD 2.5 bn <\/strong>methanol plant<\/strong> with the General Authority for the Suez Canal Economic Zone (SCZone), SCZone Vice President Mohamed Shabaan said on the sidelines of last week\u2019s Port Said Investment Forum, according to Al Borsa<\/a>. The plant, which will be established on the plot in the SCZone\u2019s Ain Sokhna site, aims to produce 1 mn tonnes of methanol and 400k tons of ammonia annually, a portion of which will be exported.<\/p>\n

This is the first project to be established by Misr Methanol and Petrochemicals<\/strong>, a state-owned petrochemicals company formed by the Oil Ministry in August<\/a> and jointly owned by Abu Qir Fertilizers, Helwan Fertilizers, and Al Ahly Capital Holding. An Oil Ministry statement at the time of the company\u2019s founding said that around USD 1.6 bn would be invested in the plant\u2019s first phase. Misr Methanol will compete for market share with the Canadian-Egyptian firm Methanex, which for a decade has been Egypt\u2019s only methanol producer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt is close to signing contracts for a 2 GW electricity transmission network that will link Egypt\u2019s electricity grid to Saudi Arabia, Electricity Minister Mohamed Shaker told eXtra News last Wednesday. Wait a second: This is 1 GW less than was previously expected. Shaker said back in 2018 that the connection would have a 3 […]<\/p>\n","protected":false},"author":1,"featured_media":557466,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[922,211,244,770,93,72,921,3451,245,371,150,151,219,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-actis","tag-cyprus","tag-electricity","tag-electricity-ministry","tag-energy","tag-enterpriseam","tag-lekela-power","tag-methanex","tag-mohamed-shaker","tag-oil-ministry","tag-renewable-energy","tag-renewables","tag-saudi-arabia","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"ec322611-9b4d-4a61-8077-7bf2368af2ad","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/272.jpg","photo_position":"above","related_issue":[557453],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to soon ink contracts for KSA-linked power network - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to soon ink contracts for KSA-linked power network\" \/>\n<meta property=\"og:description\" content=\"Egypt is close to signing contracts for a 2 GW electricity transmission network that will link Egypt\u2019s electricity grid to Saudi Arabia, Electricity Minister Mohamed Shaker told eXtra News last Wednesday. 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Shaker said back in 2018 that the connection would have a 3 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-20T04:00:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/272.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to soon ink contracts for KSA-linked power network\",\"datePublished\":\"2021-09-20T04:00:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/\"},\"wordCount\":536,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/272.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Actis\",\"Cyprus\",\"electricity\",\"Electricity Ministry\",\"energy\",\"EnterpriseAM\",\"Lekela Power\",\"Methanex\",\"Mohamed Shaker\",\"Oil Ministry\",\"renewable energy\",\"renewables\",\"Saudi Arabia\",\"Suez Canal Economic Zone\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/egypt-to-soon-ink-contracts-for-ksa-linked-power-network\/\",\"name\":\"Egypt to soon ink contracts for KSA-linked power network - 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Egypt has completed all the necessary prep work for the project, which should see the two countries exchange up\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637427,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/contracts-for-egypt-saudi-interconnection-project-to-be-signed-in-february-2018\/","url_meta":{"origin":557465,"position":1},"title":"Contracts for Egypt-Saudi interconnection project to be signed in February 2018","author":"enterpriseam admin","date":"15 November 2017","format":false,"excerpt":"The Electricity Ministry is in the final stages of drafting the contracts for the Egypt-Saudi electricity interconnection project and expects to ink the agreement in February 2018, Minister Mohamed Shaker said yesterday, Al Shorouk reports. The project will see Egypt and Saudi Arabia exchange up to 3 GW of electricity.\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632179,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/regional-projects-to-increase-national-grid-capacity-by-25-gw-in-2018-says-shaker\/","url_meta":{"origin":557465,"position":2},"title":"Regional projects to increase national grid capacity by 25 GW in 2018, says Shaker","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"The Egyptian government is looking to launch an electricity interconnection project with Ethiopia and Sudan through a 1,600 km transmission network, government sources tell Daily News Egypt. The Electricity Ministry had already conducted a feasibility study for the project, but it was halted due to the troubled talks over the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575548,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/egypt-in-talks-with-foreign-investors-over-2-gw-renewable-energy-projects\/","url_meta":{"origin":557465,"position":3},"title":"Egypt in talks with foreign investors over 2 GW renewable energy projects","author":"enterpriseam admin","date":"19 October 2020","format":false,"excerpt":"INVESTMENT WATCH- Egypt is currently negotiating with foreign investors on new wind and solar projects that will generate a combined 2 GW of power, Electricity Minister Mohamed Shaker said on Thursday, CNBC Arabia reports. Speaking at the inauguration of Siemens Energy\u2019s training academy and service center at the Suez Canal\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/195.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576906,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/acwa-unit-looks-to-build-worlds-second-largest-wind-farm-in-egypt\/","url_meta":{"origin":557465,"position":4},"title":"ACWA unit looks to build world\u2019s second-largest wind farm in Egypt","author":"enterpriseam admin","date":"2 November 2022","format":false,"excerpt":"ACWA Power could build one of the world\u2019s largest wind farms in Egypt: Saudi renewable energy developer ACWA Power will build a 10-GW wind farm in Egypt after signing an MoU with Egypt\u2019s New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) yesterday, the Saudi Energy\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/52.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571373,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/egypt-saudi-to-sign-contracts-for-electricity-interconnection-project-this-month\/","url_meta":{"origin":557465,"position":5},"title":"Egypt, Saudi to sign contracts for electricity interconnection project this month","author":"enterpriseam admin","date":"10 May 2020","format":false,"excerpt":"The contract to build Egypt\u2019s 3 GW electricity interconnection project with Saudi Arabia is reportedly set to be signed this month, Egypt Today reports, quoting an unnamed Electricity Ministry source. Construction will then begin in June, they said. State-owned Egyptian Electricity Transmission Company (EETC) said last month it\u2019s pushing the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557465"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557465\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557466"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557465"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557465"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}