Greece and Egypt will Begin a 1,000-Kilometer Underwater Electricity link
On Wednesday, Greece and Egypt confirmed their support for a proposed underwater electrical link that would carry renewable energy from North Africa to Europe. Following the signing of cooperation agreements in a number of areas, Egyptian President Abdel Fattah el-Sissi and Greek Prime Minister Kyriakos Mitsotakis reaffirmed the commitment during negotiations in Athens.
With support from the European Union, the proposed 3,000 megawatt cable will span over 1,000 kilometres (620 miles) across the eastern Mediterranean and qualify for substantial EU funding.
In a joint statement, Mitsotakis stated, “This will enable Greece and Europe to import inexpensive energy, mainly wind energy, which you can produce very competitively, and export it to Europe. The private sector, led by Greece’s Copelouzos Group, will help transport solar and wind-generated power created especially for the project in Egypt.
El-Sissi emphasised the strategic significance of the initiative. “It is not just a bi-lateral project, but also a strategic step with regional and international dimensions, given that it is considered the first direct link for clean energy coming from Egypt to Europe through Greece,” he stated. “We look forward to the continued support of the European Union for this ambitious project.
Also Read:
Advocating For Inclusive Leadership And Stronger Workplace Cultures: Yolande Schulz
