Egypt-Saudi Arabia interconnection investments on power stand at $1.6 billion.
Egypt-Saudi power line project bidding put off
01 May 2020
The Egyptian Electricity Transmission Company (EETC) is set to further delay receiving offers on a tender that will see construction of an electricity interconnection line with Saudi Arabia.
This is the third postponement so far, as the offers had been received before from companies, but they were cancelled at the time, due to changes in the line course to implement the Neom project in Saudi Arabia, reported Daily News Egypt.
Both technical and financial offers are expected from companies within two months. The delay, which is expected to last up to 40 days, is due to the ongoing coronavirus outbreak.
A total of seven companies – El Sewedy, State Grid, Kalpataru, Hyundai, NCC, L&T and KEC – had been invited by the EETC to participate in the bidding process. The list is the same as those that participated in the previously cancelled tender.
EETC Head Sabah Mashali said a consulting company was chosen to carry out the marine survey of the cables’ track for the electrical interconnection project between Egypt and Saudi Arabia, after modifying it to take into account the kingdom’s $500-billion Neom project.
The total value of electrical interconnection investments between Egypt and Saudi Arabia stands at $1.6 billion. The share on the Saudi side is $1 billion, with each country bearing the value of the work done on its land, he added.
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