Egypt and Saudi Arabia have agreed to construct three high-voltage substations for an electrical interconnection project that will cost USD 1.8 billion.
The Egyptian Electricity Transmission Company and the Saudi Electricity Company signed awarding contracts for an electrical interconnection project to be established between Egypt and Saudi Arabia. The agreement included contracts with three consortiums of local and international companies to put the project into action, with the construction of three high-voltage substations linked by 1,350 metre long transmission lines and 22 km of marine cables across the Gulf of Aqaba.
The project is expected to have a capacity of 3,000 megawatts, and will cost USD 1.8 billion. It is hoped that this project will increase the stability and reliability of the electrical supply between the two nations, with significant economic and developmental returns.