Egyptian-Saudi Power Linkage Project to Commence Operation in Summer 2025: MinistrySource: www.export-egypt.com 7/22/2024, Location: Africa |
|
|
|
Cairo and Riyadh agreed to do what is necessary to start operating the power linkage grid project between the two countries in the summer of 2025, according to a statement by the Minister of Electricity and Renewable Energy Mahmoud Esmat on Monday.
The statement came after Esmat's one-day visit to Saudi Arabia to discuss developments in implementing the power interconnection project between both countries. The project aligns with the ministry’s plan to enhance electricity network stability and reduce the need for additional fuel for power generation. The project was signed in October 2021 as a coalition between three international companies, expecting to enable Egypt and Saudi Arabia to exchange up to 3,000 megawatts (MW) of electricity. It consists of three stations, two in Saudi Arabia's Madinah and Tabuk and one in Egypt's Badr City, to be connected by approximately 1,350 km of overhead transmission lines and marine cables. The implementation work is going according to schedule, with great efforts from both sides to finish the project, start operation, and connect it to the unified network in Egypt and Saudi Arabia at the beginning of next summer, Esmat said, referring to his meeting with the Saudi Minister of Energy Abdulaziz bin Salman Al-Saud. Minister Al-Saud also pledged to provide full support and necessary resources to ensure the project begins operations on schedule. During the meeting, both parties agreed to form joint committees for weekly communication and follow-up. These committees aim to maximize the benefits of recent developments in electricity networks of both countries and the restructuring of production, transmission, and distribution companies in Saudi Arabia. The meeting also included discussions about further cooperation in electricity to benefit from different peak times, increase electrical stability in both countries, maximize returns, and improve the management and utilization of electricity surplus. Moreover, it touched on the importance of identifying new private investment opportunities in renewable energy projects, considering the efforts exerted by both countries in investing in solar and wind energy projects as part of their commitment to achieving sustainable development goals. In addition, several cooperation agreements were made to support and facilitate the implementation of a joint approach to establishing energy projects and enhancing electrical infrastructure. |
|
Financials and Investment News in Egypt >> |
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |