Greece signs MoU with Egypt on electricity interconnection

Greece signs MoU with Egypt on electricity interconnection

Greece signs MoU with Egypt on electricity interconnection

Greece signed a memorandum of understanding (MoU) with Egypt on Wednesday, on establishing an electricity interconnection between the two countries.

Greece’s Environment and Energy Minister Kostas Skrekas and Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker El-Markabi agreed to set up negotiating teams that will examine the prerequisites for creating the energy interconnection.

Skrekas said that the MoU indicates that the “strategic cooperation between Greece and Egypt for the deepening of bilateral relations is bringing results. It is an initiative that will strengthen the country’s energy security, with protection of the electricity network and a further integration of Renewable Energy Sources.”

“At the same time, it promotes the method of the Greek government’s energy policy in the region of the southeastern Mediterranean, as a follow up to the trilateral cooperation between Greece, Cyprus and Egypt and the respective 3+1 cooperation between Greece, Cyprus, Israel and the USA,” he added.

The Greek minister also informed his Egyptian counterpart about the EuroAsia Interconnector.

*More on GCT: €2.5 million grant towards electricity and water supply systems on the Greek islet of Spinalonga
GCT Team

This article was researched and written by a GCT team member.