Back to the complete issue
Monday, 5 February 2018

Regional projects to increase national grid capacity by 25 GW in 2018, says Shaker

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 construction of the Grand Ethiopian Renaissance Dam, sources added. The presidents of the three countries agreed at a trilateral meeting last month to set up a joint investment fund to finance infrastructure projects, including renewable energy power plants and constructing road and railway lines linking the three countries. Electricity Minister Mohamed Shaker had announced last month that Egypt would begin exporting excess electricity to the region in 2018. Egypt is already engaged in an interconnection project with Saudi Arabia that should see the two countries exchange up to 3 GW of electricity once it launches in 2021, as well as two others with Jordan and Libya. Cyprus and Greece are also potential markets for power exports.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.