Egypt extends bid submission for Saudi Arabia electrical interconnection project

16 Apr 2020
Egypt extends bid submission for Saudi Arabia electrical interconnection project

Egypt Electricity Transmission Company (EETC) has extended the bid submission date for contracts for the $1.6bn Egypt-Saudi Arabia electrical interconnection project.

Energy & Utilites reported in February that the client had set a deadline for signing the final contracts for major packages on the Egyptian side of the electrical interconnection project by the end of May. However, the client has extended the bid submission period for invited bidders by at least 60 days, according to local media reports.

The project is estimated to cost $1.6bn, with Egypt set to fund $600m of the total cost. The interconnection is expected to be able to transport up to 3,000MW of electricity a day.

The project faced numerous delays in the tendering and design phases with the initial memorandum of understanding (MoU) for the project having been inked in June 2013.

In October 2016, Italy’s Prysmian Group was awarded the contract to connect switch stations in Egypt and Saudi Arabia and install a 16km submarine cable to cross the Gulf of Aqaba.

In November 2015, the Kuwait Fund for Arab Economic Development (KFAED) signed two agreements to assist with financing for the power connection. The first agreement was a $98m loan deal signed to cover part of the Egyptian section of the power connection project.

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