Egypt, Saudi Arabia ink $2.5m power grid deal

17 July 2010

Egyptian Electricity Minister Hassan Younes has said that Egypt and Saudi Arabia have signed a $2.5m contract with an unidentified company for work on linking their power grids, Bloomberg has reported. The company will study a route for the cable, which will be 1,300 kilometres (800 miles) long and have a capacity of 3,000 megawatts.

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