Cairo (UNA-OIC) – The Saudi Electricity Company (SEC) and Egyptian Electricity Transmission Company (EETC) signed awarded contracts for the electric connection projects between Saudi Arabia and Egypt.
The signing ceremony was held in the presence of Saudi Energy Minister Prince Abdulaziz bin Salman, as well as Egyptian Minister of Electricity and Renewable Energy Dr. Mohamed Shaker El-Markabi and Minister of International Cooperation Rania Al-Mashat.
The Saudi Energy Minister noted that the plans of electric connection in Saudi Arabia are in harmony with the Ministry’s executive programs under the Kingdom’s Vision 2030, which enjoys the interest of Crown Prince Mohammed bin Salman. He noted that the Saudi Vision is aimed at investing in the strategic location of the Kingdom and its possession of the biggest power grid in the Arab world and the Middle East.
For his part, Al-Markabi said that the project is a result of deep-rooted Egyptian-Saudi ties throughout history, citing the directives of both countries’ leaderships and ensuring the entrepreneurship of Cairo and Riyadh in realizing economic and social goals of the entire Arab countries.
He indicated that the project will act as the first step of the joint Arab connections, in addition to the fact that it complements and supports both countries’ vision of 2030.
This electricity project represents a strong connection between the biggest two power grids in the region and reflects the stability and increasing credibility of electric supplies between both nations, Al-Markabi said, pointing to the magnitude of the economic and development returns to exchange up to 3,000 megawatts of electricity.