Egypt, Cyprus, Greece Sign Electricity Interconnection Deal

Egypt, Cyprus, Greece Sign Electricity Interconnection Deal

Egyptian Electricity Transmission Company (EETC) signed a framework agreement with Euro Africa Interconnector Company to connect the power grids of Egypt, Cyprus and Greece through Crete by a 2,000-megawatts (MW) electricity interconnection, Egypt Oil & Gas reports.

The agreement was signed by Sabah Mashaly, EETC’s head; and Nasos Ktorides, CEO of Euro Africa Interconnector Company; in the attendance of Egyptian Prime Minister, Mostafa Madbouly; and Electricity Minister, Mohamed Shaker, the Cabinet said in a statement.

Euro Africa Interconnector prepared a feasibility study for the first phase of connecting 1,000 MW between the three countries, said Ktorides, adding that a consultant will be hired to support EETC in preparing financial, commercial and operational agreements for the project.

Sarah Samir 3292 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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