CAIRO – Egypt’s Electricity Minister Mohamed Shaker said talks are ongoing with Greece about the idea of an international consultancy to oversee a technical and economic feasibility study of the power connection project between the two countries.
He told the MENA news site that 2,000 megawatt can be exchanged through the electricity interconnection project between Egypt and Greece through a deal brokered with a Belgian company to discuss installing underwater power cables.
He said there is a growing European interest in power linkage projects with Egypt given the country’s abundance of renewable energy resources at a time Europe is looking for alternatives to Russian gas, said Egypt Independent.
The European Union relies on Russian sources for up to 40 percent of its supplies but has been seeking more sustainable options and alternatives after the invasion of Ukraine although Russia energy was exempted from bloc sanctions.
Efforts are under way to finalize the first 1,500 megawatts by May 2025 and another 500 megawatts by November 2025 although Greece has had for now to return to coal-fired electricity plants in the meantime.