RIYADH: Saudi Arabia’s Energy Minister Prince Salman bin Abdulaziz on Monday held a meeting with his Egyptian counterpart Mohamed Shaker in Cairo to follow up on the progress on the electrical interconnection project between the two countries.
Last October, Saudi Arabia and Egypt signed contracts for a $1.8 billion electricity interconnection project that ensures an exchange of 3,000 MW of electricity.
The meeting was part of the official visit of Crown Prince Mohammed bin Salman to Egypt, the Saudi Press Agency reported.
During the meeting, the parties also discussed aspects of cooperation in the fields of renewable energy and hydrogen.
On Tuesday, Saudi Arabia’s ACWA Power announced an investment worth $1.5 billion in a wind power plant in Egypt as the company expands its horizons in renewable energy.
The deal will see ACWA Power develop, build, and operate the 1,100 MW wind farm located in the Gulf of Suez in Egypt.
