The Italian cable company Prysmian is expected to complete the construction of the €221.6 M cable that will link the power grids of Egypt and Saudi Arabia and have it installed by the end of December, Asharq Business reports, citing three sources it says are in the know.
Egypt should bear 48% of the costs, with the Saudis covering the remainder.
Prysmian was awarded the contract to install the electrical cables back in October 2016. Test operations for the 3 GW and $1.8 billion interconnection are expected to begin in May 2025, with an official operational launch expected later that year.
The first 1.5GW phase will be commissioned in June 2025, followed by the second and final 1.5GW phase in November 2025.