Egypt plans to build a submarine cable to Greece to bring power to Europe
The President of Egypt, Abdel Fattah al Sisi, discussed this Thursday with the head of the employers’ association of Greek electricity companies the project of a submarine cable 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 “cooperation to implement projects for the production of electrical energy from energy sources renewable energy 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 Europe, which is currently seeking to diversify its energy suppliers to stop depending on Russian gas, through said cable with Greece. About 600 kilometers separate the two Mediterranean countries in a straight line, taking into account their closest points.
Egypt ensures have “a modern infrastructure” in electrical matters that allows it to maintain “electricity supply to all parts of the country” and in recent months, since the energy crisis that the European Union is experiencing as a result of the Russian invasion of Ukraine, it has been particularly interested in offer you your energy.
Three weeks ago he 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 its finances, weighed down by the weight of its soaring public debt.
The connection with Greece through a submarine cable will serve “not only Egypt and Greece, but the African and European continentsand will consolidate Egypt’s position as a regional hub for energy trade of all kinds,” the Egyptian Presidency added in the statement.