Brushing your teeth is good for your heart    European markets fall as trade deadline looms    Traditional soup broths have anti-malaria effects    Industrial to residential    Second generation reforms needed    The IT solution on growth    Turkey will retaliate against U.S. sanctions, says foreign minister    Lampard keen to strengthen Chelsea's attack in January    EU hopes Boris Johnson wins in UK polls big to get Brexit over with    Trump is fourth U.S. president to face impeachment as Democrats announce charges    Mohamed Salah the most mentioned football player in Egypt on Twitter    Afghan blasts kill one, injure scores in attack on key US military base    Saudi Aramco shares climb to hit daily 10% limit as IPO begins trading    Apple's CEO spotted sampling Singapore's foods in neighborhood market    French pension reform to impact people entering job market from 2022: BFM    Gold prices stall ahead of Fed policy statement, tariffs deadline    Algeria votes amid protests    Dark Waters    The legendary Tahia Halim    After 30 years, Russian artist Dmitry Averianov is back at theRussian Cultural Centre    Don't miss "Towards Sustainable Cities" conference at the French Institute of Oriental Archaeology    Inter out of Champions League after 2-1 loss to Barcelona    Chelsea advance in Champions League with 2-1 win over Lille    All about the future    GERD: The Washington briefing    Cabinet under fire — again    Egypt's Ahly close to signing former Zamalek, Aves player Kahraba    Here is the full list of Golden Globes 2020 nominations    Egypt's President Sisi urges improving ways to identify sport talents    Health insurance system to be launched in Upper Egypt, South Sinai in March    Even being big, burly one needs his mother    Egypt's Cabinet denies reports on increasing Jan. train fares    Adam Sandler threatens to make ‘so bad' movie if he doesn't win Oscar    Egypt's Tahrir Square among top Reuters photos of a decade    Egypt names 16 new governors ahead of anticipated Cabinet reshuffle    Egypt's MPs back potential return of information minister post in expected reshuffle    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Saudi Arabia to relaunch electrical interconnection tender with Egypt in June
Neom project's cost increases by $900m after alterations
Published in Daily News Egypt on 10 - 03 - 2019

Saudi Arabia will be relaunching the tender for establishing lines and transformers of the electrical interconnection project with Egypt with new technical specifications in June after finishing the adjustment made to the electrical interconnection paths between the two countries.
Informed sources told Daily News Egypt that after the implementation of Neom project, the paths of electrical interconnection were altered, which required relaunching the tender with new specifications for the companies that have previously applied to implement the project.
The sources added that Egypt has settled the tender for the project's part on its land, and it is awaiting to decide the locations of the new paths on the Egyptian territories to begin the project in coordination with Saudi Arabia.
Moreover, the sources also revealed that there is an agreement between Egypt and Saudi Arabia in order to settle all the issues of the project between both countries before the end of December, given that the first quarter of 2020 will see the implementation of the project's first phase.
Noteworthy, the project connects two electrical networks in Egypt and Saudi Arabia on a direct current of 500 kv capacity from Badr station to East Medina station, passing through Tabuk station in Saudi Arabia over a distance of 1,300 km, including 820 km in Saudi Arabia and 480 km in Egypt.
The total cost of the project was $1.6bn, however, after adjusting the interconnection paths and changing the prices, the total cost of the project would reach $2.5bn, an increase of $900m, according to the sources.
Egypt started negotiations with Saudi Arabia in 2010 to exchange energy between the two countries, however, the political events that took place in Egypt postponed the project more than once, until the negotiations resumed recently with the support of the political leadership in both countries.
In October 2018, Saudi Arabia announced a plan to establish Neom project, which runs through three countries, Saudi Arabia, Egypt, and Jordan, with investments of nearly $500bn. It is located in north west Saudi Arabia on an area of 26,500 sqkm. It overlooks the Red Sea and the Aqaba Gulf from the north and west, and the project will be focusing on nine investment sectors. The first phase is planned to be finished by 2025.


Clic here to read the story from its source.