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Egypt, Greece, Cyprus study EuroAfrica cable

Sanaa’ Farouk

12 Feb 2017 10:25 am

 

Egypt, Greece, and Cyprus have signed a Memorandum of Understanding to study

the project Interconnector, an undersea cable connecting the power grids of the

three countries to the European electric network with 2000MW. The aim is to

bring significant economic and geopolitical benefits to the three Mediterranean

countries, while at the same time contributing to the European Union’s target for

10 per cent of electricity interconnection between member states.

President of EuroAfrica Interconnector Nasos Ktorides said that: “Greece will

increase its energy efficiency, and become a major player in the European energy

arena, Cyprus will be an electricity hub in the south eastern Mediterranean and

Egypt will become an important energy hub for Africa and electricity carrier for

the European continent,” he said.

Egypt’s Minister of Electricity and Renewable Energy, Muhammad Shaker

highlighted the importance of the submarine electric cable as part of an Egyptian

strategic plan for economic development and energy security. Dr Shaker

emphasised both his personal commitment and that of President Abdel-Fattah al-

Sisi and the Egyptian government to “bring this great venture to fruition”.

Watani International

11 February 2017


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