Egypt and Greece have signed a cooperation agreement to complete the technical and economic studies for their joint electricity interconnection project, paving the way for the export of up to 3,000 megawatts of Egyptian electricity to European markets through the Greek grid.
The agreement was concluded within a trilateral framework that includes the Egyptian Electricity Transmission Company (the main operator of Egypt’s unified grid), Greece’s Independent Power Transmission Operator (IPTO), and Elia, a subsidiary of the Copelouzos Group and the project developer.
The project is considered one of the strategic bridges for transmitting clean energy from Egypt to the European Union. It has been listed among the EU-supported projects in the field of electricity interconnection, enabling it to secure direct European financing as part of the bloc’s plan to strengthen energy security.
Dr. Mahmoud Asmat, Egypt’s Minister of Electricity and Renewable Energy, stated that the project reflects Egypt’s vision to become a regional hub for energy exchange between Africa, Asia, and Europe. He emphasized that cooperation with Greece embodies the country’s commitment to regional electricity integration and the expansion of clean energy exports.
The minister added that the government is working to increase reliance on renewable energy sources and reduce the consumption of traditional fuels, in line with Egypt’s green transition goals and efforts to maximize the economic benefits of its abundant solar and wind resources.
Asmat concluded by stressing that the interconnection with Greece is a key step in implementing Egypt’s National Energy Strategy 2035, which aims to enhance electricity supply security and establish Egypt as a major regional energy transit hub.
MEMBER OF
dmg events is a leading organizer of face-to-face events and publisher of information services. Our aim is to create dynamic marketplaces to connect businesses with the right communities to accelerate their growth in today’s rapidly evolving landscape.