– Egypt’s Minister of Electrical energy and Renewable Vitality, Mahmoud Essmat, reaffirmed his dedication to finishing the USD 1.8 billion Saudi-Egypt electrical energy interconnector undertaking by early summer season 2024, with full operations anticipated by early 2026.
– Intensive conferences have been held with stakeholders and authorities to speed up undertaking implementation, deal with challenges in distant areas, and make sure the well timed completion of technical work associated to tower heights, submarine cables, and different essential infrastructure.
– The undertaking is anticipated to facilitate the alternate of three,000 megawatts, contributing to community stability, enhancing electrical energy provide between Egypt and Saudi Arabia, and serving as a cornerstone for future Arab interconnection initiatives.
Egypt’s authorities reaffirmed dedication to finishing the Saudi-Egypt electrical energy interconnection undertaking by early summer season 2024, stressing the importance of shut collaboration and coordination amongst all concerned events.
The undertaking, which will probably be carried out in two phases, is about to create new alternatives for each Egypt and Saudi Arabia. The primary section is slated to start in July 2025, with full operation anticipated by early 2026 at an estimated price of $1.8 billion.
Egypt’s Minister of Electrical energy and Renewable Vitality, Mahmoud Essmat, has carried out intensive conferences with stakeholders chargeable for implementing the undertaking, in addition to with representatives of related authorities concerned in issuing permits and licenses for the undertaking’s building.
These embrace issues associated to tower heights, submarine cables, oil pipelines, and different mandatory infrastructure.
“There may be settlement, cooperation, and coordination between Egypt and Saudi Arabia on the need of bringing the electrical energy interconnection line into service and connecting it to the unified community in each international locations by early summer season,” the minister said.
Discussions included updates on gear supply, the opening of credit score strains, undertaking execution progress, and alignment with the established timeline.
The conferences additionally targeted on collaboration amongst all events to reinforce sources and expedite the completion of technical work, notably regarding tower heights close to airports, oil pipelines, the Suez Canal, and different essential places alongside the interconnector’s path.
The senior official underscored the significance of overcoming any monetary, administrative, or technical boundaries to make sure the undertaking’s well timed completion and the graduation of operations.
“The undertaking is without doubt one of the key components in guaranteeing community stability with out the necessity for added gasoline to function energy vegetation, permitting for reserve capability throughout peak demand,” Essmat defined. “It goals to facilitate the alternate of three,000 megawatts.”
He additionally highlighted the undertaking’s potential to function a cornerstone for future Arab interconnection initiatives, noting its optimistic influence on the soundness and continuity of electrical energy provide between Egypt and Saudi Arabia, together with vital financial and developmental advantages.