Electricity

Greece, Cyprus and Egypt to be connected with underwater electric cable

Photo: euroafrica-interconnector.com

Published

February 14, 2017

Country

Comments

0

Share

Published:

February 14, 2017

Country:

Comments:

0

Share

Greece, Cyprus and Egypt signed a memorandum on the completion of a study for the construction of the EuroAfrica Interconnector, an underwater electric cable connecting the power grids of those countries with continental Europe.

The 1.648 kilometer cable will be one of the longest in the world, with a capacity of 2.000 MW, and the construction will take three years after the conclusion of the feasibility study. The President of EuroAfrica Interconnector Nasos Ktorides said at the signing ceremony in Cairo that this partnership can only bring benefits to the three participating nations.

“Greece will increase its energy efficiency, and will become a major player in the European energy arena, Cyprus will be an electricity hub in the south eastern Mediterranean and Egypt will become an important energy hub for Africa,” he said.

The aim of the Interconnector is to offer significant economic and geopolitical benefits to the involved countries and contribute to the European Union’s target for 10 percent of electricity interconnection between member states.

In a brief address, the ambassadors of Cyprus and Greece expressed the support of their governments in taking the project forward. The conclusion of the necessary studies will mark the beginning of the implementation of the interconnector electric cable.

The submarine EuroAfrica Interconnector will secure the participation of Greece, Cyprus and Egypt in the pan-European electricity grid. Through this project, three countries are to gain energy security and independence and will be able to export power to European countries with energy deficit, according to the press release.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Energy Community renewables certificates project accelerate energy transition

Energy Community starts renewables certificates project to help accelerate energy transition

26 January 2022 - The Energy Community Secretariat is creating an electronic system for guarantees of origin to enable consumers to choose green electricity

Albania to boost solar, wind capacity by ten times through 2023

Albania to boost solar, wind capacity by ten times through 2023

25 January 2022 - Albania's transmission system operator OST said wind and solar capacity connected to its network may reach a combined 220.4 MW next year

electricity-exports-bih

Soaring prices push up BiH electricity exports to all-time high

25 January 2022 - The record value of BiH's power exports in 2021 was largely due to soaring prices on the international market caused by the energy crisis.

Half Slovenian firms risk collapse high energy costs

Nearly half of Slovenian firms risk collapse over high energy costs

24 January 2022 - Respondents in a poll conducted Chamber of Commerce and Industry of Slovenia expect energy expenses to jump 128% this year