Khaled Al-Gnoon, Saudi Electricity Co.’s acting chief executive
Saudi Electricity Co.’s (SEC) acting Chief Executive Officer, Khaled Al-Gnoon, said that the Saudi-Egyptian electricity interconnection project will be implemented over a period of 36-52 months.
Companies that qualified for this project will implement it within the timeframe and the required specifications, Al-Gnoon said in a statement to Al-Arabiya TV.
With regard to the project financing from the Saudi side, he pointed out that it will be self-financed via the company’s procedures and regulations in force.
On Oct. 5, Saudi Arabia and Egypt signed agreements for the Saudi-Egyptian electricity interconnection project worth $1.8 billion, according to data compiled by Argaam.
Comments
{{DisplayName}}
{{ElapsedTime}}