Egyptian parliament has approved the agreement to connect the Egyptian and Saudi electricity grids, signed by King Salman Bin Abdelaziz and President Abdel Fattah El Sisi in November 2015. The vote in August will pave the way for work to start on an interconnection to exchange of up to 3GW of power at peak hours. The project is financed by a KD30m ($99.5m) loan from the Kuwait Fund for Arab Economic Development.
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