22
Egyptian Electricity Transmission Company (EETC) put the construction of the electrical grid link with Saudi Arabia out to tender, inviting 7 companies to bid.
The list of companies that were invited include El Sewedy, State Grid, Kalpataru, Hyundai, NCC, L&T, and KEC.
Investments for the Saudi-Egyptian electrical link amount to $1.6bn, with Saudi Arabia contributing $1bn. Each country bears the value of the work done on its lands.
The project aims to exchange 3 GW and was first negotiated in 2010, but was delayed several times due to political events.
In 2014, Egypt and Saudi Arabia resumed negotiations and had put forward tenders for cables, lines, and transformer substations.
