Greece and Egypt Unite for Ambitious Undersea Energy Project
Greece and Egypt have committed to a proposed undersea electricity connection to transport renewable energy from North Africa to Europe. With a capacity of 3,000-megawatts and EU backing, the cable will enhance energy ties and has a strong geopolitical impact, according to leaders Mitsotakis and el-Sissi.
- Country:
- Greece
In a significant move to boost renewable energy efforts, Greece and Egypt have reaffirmed their dedication to an undersea electricity interconnection project. This venture aims to channel renewable energy from North Africa to Europe, showcasing the strategic cooperation between the two nations.
Prime Minister Kyriakos Mitsotakis of Greece and President Abdel Fattah el-Sissi of Egypt underscored their commitment during a summit in Athens. The project, backed by the European Union, includes a 1,000-kilometer cable with a capacity of 3,000 megawatts and an estimated cost of 4 billion euros, marking it as a significant infrastructure endeavor.
The initiative not only supports energy diversification but also strengthens EU-Egypt relations, especially in the wake of changing global energy dynamics post-Ukraine invasion by Russia. Discussions also included regional security and future cooperation in various sectors, highlighting the project's broader geopolitical importance.
(With inputs from agencies.)
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