Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia

Development Partner(s)

Kuwait Fund for Arab Economic Development, Arab Fund for Economic and Social Development, Islamic Development Bank

BENEFICIARIES

Ministry of Electricity and Renewable Energy

AMOUNT

466.72

CURRENCY

USD

SECTOR(S)

Energy

TYPE OF FINANCE :

Loan

SIGNATURE DATE :

2022-02-10

Single Goal

#7

Affordable & clean energy

Related Goals

#8

Decent Work And Economic Growth

#12

Responsible Consumption And Production

#17

Partnerships For The Goals

#11

Sustainable Cities And Communities

#9

Industry Innovation And Infrastructure

Objective

Providing investments for the establishment of power plants on both sides to meet the peak load, as well as improving the performance of the stations and establishing an infrastructure for electricity trade between Arab countries in preparation for the establishment of a common electricity market and raising the efficiency of the electricity and energy systems, which contributes to the stability of the electric current.

Locations

Upper Egypt