Egypt and Saudi Arabia will complete the electricity interconnection project in 2017, Egyptian Minister of Electricity Mohamed Shaker said Monday. The project will help exchange energy in peak hours, to a maximum of 3,000 MW, and help export surpluses in electricity. So far, the two countries have accomplished c14,000 MW in the project, which primarily aims to boost the electricity-generating capacity, Shaker said. A bilateral agreement was signed in 2013 worth SAR6bn to connect the two countries’ electricity grids. Egypt Parliament approved on Monday a KWD30mn loan agreement with the Kuwaiti Fund for Arab Economic Development dedicated for the project that was signed on 22 November 2015. (Amwal Al Ghad)