Greece and Egypt reiterate their energy alliance to connect Africa and Europe with an underwater cable
Greece and Egypt have reaffirmed their commitment A proposal for the underwater electrical connection intended to transport renewable energy from North Africa to Europe. Greek Prime Minister, Kyriakos Mitsotakis, and the Egyptian president, Abdel Fattoh el Sissi, renewed their commitment during The conversations held in Athensafter the signature of cooperation agreements in several sectors.
The cable, 3,000 megawatts of capacity, It will extend over 1,000 kilometers under the eastern Mediterranean And he obtained the support of the European Union, which will allow him to opt for significant financing of the block. “This will allow both Greece and Europe to import low corpulent energy, mainly wind, which you can produce in a very competitive way and export it to Europe,” Mitsotakis said.
The project, whose cost is estimated at around 4,000 million eurosIt will enter into operation within five years, according to the ambitious calendar established by both governments. Its goal is to transmit Solar and wind energy Explicitly developed for the project in Egypt, with the participation of the private sector led by the Greek group Copelouzos.
Sissi highlighted the strategic importance of the project. “It’s not just a bilateral problem, but A strategic regional projectSince he creates a direct link that will extend to Europe through Greece, “he said.” We have the support of the European Union to this important initiative. “
Brussels tries to expand energy associations with third countries
The EU expressed A great interest in the expansion of energy associations With non -members for diversify its energy sources And to reduce his historical dependence on Russian energy after the large -scale invasion of Ukraine in 2022. Mitsotakis and Sissi also spoke of regional security, migratory challenges and ways to deepen the relationship between Egypt with the European Union.
“Greece is an unconditional ally of EgyptEven in questions relating to the relations of his country with the European Union, “said Mitsotakis, underlining Athens in promoting closer bonds between the EU and Egypt. The conversations in Athens ended with agreements Explore greater energy cooperationFacilitate the expansion of the seasonal employment of Egyptian workers in Greece and improve collaboration in financial, defense and cultural sectors.
