Egypt signed a cooperation agreement to carry out the final studies for the electricity interconnection project between Egypt and Europe through Italy, aiming to strengthen the country’s position as a regional energy hub.

The agreement includes the preparation and implementation of the final technical, environmental, and financial studies for the project, as well as the necessary steps to begin implementation and establish a power interconnection between Egypt’s national electricity grid and the unified European grid through the Italian network.

The Egypt-Europe interconnection is designed to export surplus renewable energy to the European continent, with a targeted capacity of up to 3,000 megawatts.

The agreement was signed between the Egyptian Electricity Transmission Company (EETC) and the UAE-based K&K company.