Egypt and Saudi Arabia signed on Tuesday a memorandum of understanding for the implementation of a 10 gigawatt wind electric power project in Egypt.
The MoU was signed between Saudi ACWA power company and Egypt’s New and Renewable Energy Authority and the Egyptian Electricity Transmission Company.
The Saudi Press Agency (SPA) reported that Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz held a meeting in Riyadh with Egyptian Minister of Electricity and Renewable Energy Mohammad Shaker.
SPA said that the two ministers discussed the progress of the electricity interconnection project between the two countries.
They also reviewed ongoing preparations for a memorandum of understanding in the fields of electricity, renewable energy and clean hydrogen, and the means to strengthen cooperation between specialized companies in both countries.
Following the meeting, the two ministers oversaw the signing of a memorandum of understanding between the NREA, the Egyptian Electricity Transmission Company, and the Saudi ACWA Power, to implement a project to generate electricity from wind energy with a capacity of 10 GW in Egypt.
The Egyptian Cabinet announced late last month the intention of the Saudi company, ACWA Power, to implement a huge project to generate electricity from wind energy. It noted that this project comes within the framework of cooperation projects between Riyadh and Cairo.