the president of EgyptAbdelfatah al Sisi, addressed this Thursday with the head of the employers’ association of the greek power companies submarine cable project between the two countries for the export of electricity produced from renewable sources to Europe.
Al Sisi received in Cairo the president of the Union of Greek Electric Companies, Dimitri Kobilozis, with whom he reviewed “the cooperation to implement electricity production projects from renewable energy sources in Egypt, and transfer it to Europe via Greece via a submarine cable,” the Egyptian Presidency said in a statement.
According to the note, the project consists of the production in Egypt of 9.5 gigawatts of electricity from wind and solar energy and its transport to Europewhich is currently seeking to diversify its energy suppliers to stop depending on Russian gas, through said cable with Greece.
Some 600 kilometers separate both Mediterranean countries in a straight line taking into account its closest points.
Egypt claims to have “a modern infrastructure” in electrical matters that allows it to maintain the “electric supply to all parts of the country” and in recent months, after the energy crisis experienced by the European Union As a result of the Russian invasion of Ukrainehas been particularly interested in offering you his energy.
Three weeks ago it announced the application of energy saving measures to be able to export gas to Europe and attract foreign currency with which to alleviate the economic crisis and stabilize their financesweighed down by the weight of its soaring public debt.
The connection with Greece via a submarine cable will serve “not only Egypt and Greece, but also the African and European continents, and will consolidate Egypt’s position as a regional hub for energy trade of all kinds,” the statement added. Egyptian Presidency.
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