14 Oct 2021
Egypt and Greece have signed an MOU (memorandum of understanding) to establish an electrical interconnection between the two countries through subsea electric cables. The link will allow for the exchange of electricity between Egypt and Greece, extending to the rest of the E.U. (European Union). This will contribute greatly to the security and reliability of energy supply and come to the rescue during power interruptions and emergencies, as well as enhancing regional cooperation. The project will also contribute to integrating renewable energy into the networks of both countries as well as the wider E.U., as this type of energy is abundant in Africa and is witnessing increasing investments in Egypt. This will be the first subsea power link between Africa and Europe.
(Source: Reuters (English), BNN Bloomberg (English), State Information Service (English), Mubasher (English), Zawya (English), Egypt Today (English), Daily News Egypt (English), Greek Reporter (English), PV Magazine (English), al-Sharq al-Awsat (English), Arab News (English), State Information Service, National Council for Media, al-Maal, Mubasher, Hapi Journal, al-Ahram, Akhbar al-Youm, al-Youm al-Saabe, al-Shurouk, al-Watan, al-Masry al-Youm, al-Dustour, Sada el-Balad, Middle East News Agency, al-Sharq Business, al-Arabiya, Sky News Arabia, RT)