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Wednesday, October 20, 2021
Egypt, Greece and Cyprus on Tuesday signed a major agreement to link their electricity grids. The establishment of a trilateral electricity interconnector between the grids of Egypt, Cyprus and Greece will strengthen economic cooperation and enhances the security of energy supply.
This cooperation will not only benefit the countries involved, but also Europe, as it will create a highway for the transmission of significant amounts of electricity to and from the Eastern Mediterranean.
The agreement came on October 19 at the 9th Trilateral Cooperation and Coordination Summit attended by the leaders of the three nations: Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic, Nicos Anastasiades, President of the Republic of Cyprus and Abdel Fattah El – Sisi, President of the Arab Republic of Egypt.
Prime Minister Mitsotakis stated: “The Electricity Interconnector project, which connects the electricity grids of our countries, constitutes an important component of the strategy to accelerate the development of the Eastern Mediterranean Energy Corridor, providing an alternative source of energy supply from the region to the European Continent and vice versa., a move that Egyptian President Abdel Fattah El Sisi described as a first step towards connecting the three nations’ grids with the rest of Europe.”
The agreement follows the signing this month of an agreement on the project. The document states that it will involve an undersea cable that is 1,396 kilometers long at an estimated cost of $2.7 billion. The cable, which will be the world’s longest, will allow the three Mediterranean nations to share up to 2,000 megawatts at peak times.
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