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Egypt Plans Power Link to Saudis in $1.6 Billion Project
CAIRO - Egypt will connect its electricity network to Saudi Arabia, joining a system in the Middle East that has allowed neighbors to share power.
The link will cost about $1.6 billion, with Egypt paying about $600 million, Egypt’s Electricity Minister Mohamed Shaker said Monday at a conference in Cairo. Contracts to build the network will be signed in March or April, and construction is expected to take about two years, he said. In times of surplus, Egypt can export electricity and then import power during shortages.
"It will enable us to benefit from the difference in peak consumption,” Shaker…
