Egyptian Electricity Transmission Company (EETC) signed on Thursday a deal to establish a transformer station worth 210.8 million pounds (US$27.6 million) in the Suez Canal region.
South Africa plans to build the infrastructure to import natural gas to supply electric turbines as the country deals with a shortage of power, the Department of Energy said.
Egypt has agreed preliminary deals with Kuwaiti companies for the establishment of petrochemical projects worth $6.8 billion, the government said on Sunday.
South Africa’s power utility canceled plans to start rotating power cuts on Tuesday morning after households and businesses reduced demand, minimizing strain on the grid.