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Sunday, 29 July 2018

Saudi interconnection project pushed to 2022 from 2020 -sources

The USD 1.6 bn Egypt-Saudi power interconnection project has reportedly been pushed to 2022 from 2020, Electricity Ministry sources said on Thursday, Al Mal reports. The plans for the power lines that are meant to run through Saudi Arabia will have to be redrawn with the kingdom planning to establish its USD 500 bn Neom City project. Talks are ongoing with the companies that had bid for the project, including Siemens, ABB, Alstom, and China’s State Grid Corporation, to agree on the best course of action, the sources added. The winning bid was set to be announced in June and the contracts for the interconnection project, which should see Egypt and Saudi exchange up to 3 GW of electricity, were expected to be signed some time this summer.

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