The Italian “Prysmian Group” is working to finish the work of manufacturing and lowering the submarine cable for the electrical interconnection project between Saudi Arabia and Egypt at the end of next December, at a total cost of 221.6 million euros.
The trial operation of the electrical interconnection project between the two countries is scheduled to begin at the end of May 2025, provided that the official operation of the project, which costs $1.8 billion, will begin in two phases, the first in June 2025 with a capacity of 1,500 megawatts, and the second in November of the same year with a capacity of 1,500 megawatts as well.
Egypt seeks to exploit the electrical capacities it produces daily, which amounts to about 58,000 megawatts, at a time when the daily consumption is 33,000 megawatts.
The length of the submarine cable for the electrical interconnection project is about 19 kilometers. Saudi Arabia’s share in the cost of the submarine cable amounts to 114.3 million euros, while Egypt’s share of the cost amounts to about 107.3 million euros.
It is planned that the submarine cable will be placed on a ship equipped to install the submarine cable between the two connection points in Saudi Arabia and Egypt, after adjusting the route and preventing its conflict with the (NEOM) project.
Egyptian President Abdel Fattah El-Sisi and HRH Saudi Crown Prince Mohammed bin Salman attach great importance to pushing the project forward, especially after a series of delays, as a result of adjusting the routes of lines to serve Saudi projects, including the city of “NEOM”.
The electrical interconnection project between Saudi Arabia and Egypt dates back several years, and culminated in an agreement in October 2021 with companies that won tenders, put forward by the authorities responsible for electricity in the two countries.
“The rates of work implementation in the electrical interconnection project between Egypt and Saudi Arabia are proceeding normally, and companies are getting payments from the value of the contracts they contracted with officials of the two countries without any problems or delay” according to the “East Economy”.
The electrical interconnection project between Egypt and Saudi Arabia opens up prospects for exporting electricity to the continents of Asia and Europe, in addition to expanding interconnection with neighboring countries.