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Tuesday, 20 October 2020

Egyptian-Saudi electricity project tender results to be announced in 1H2021

The Egyptian Electricity Transmission Company (EETC) will announce the winner of the Egyptian-Saudi electricity interconnection project tender in the first half of 2021, the local press reports, citing sources at the company. EETC expects to complete analysis of the technical bids in December. Companies that have submitted offers include ElSewedy Electric, Hyundai, China’s State Grid Corporation, Swedish NCC, Indian firms L&T and Kalpataru, and America’s KES. The USD 1.6 bn project was originally supposed to go live this year but was pushed back to 2023 due to Saudi Arabia’s USD 500 bn futuristic city project, Neom. The cable routes extend 25 km across the sea bed, and will allow the two countries to exchange up to 3 GW.

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