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Economy

Mitsotakis-al Sisi to Discuss Greece-Egypt Power Interconnector

ATHENS – Prime Minister Kyriakos Mitsotakis on Thursday had an online meeting with Egyptian President Abdel Fattah al-Sisi and the team involved with the power interconnector linking Greece and Egypt.

The teleconference, held with the participation of European Investment Bank President Werner Hoyer in Luxembourg, was a follow-up of a meeting between Mitsotakis and the Egyptian president on the margins of the EU-Africa Summit in Brussels on February 17. It focused on the implementation of the project for an electricity interconnector linking Greece and Egypt, which is a strategic priority for both countries.

The prime minister underlined that the power link – whose basis is the Memorandum of Understanding for the interconnection of the Greek and Egyptian power networks signed by the two countries on October 14, 2021 – will help diversify the energy source and supply routes to Europe and enhance energy security on the European continent. The issue is even more pertinent now, due to the new landscape created by the Russian invasion of Ukraine.

“Greece and Egypt will play an important role in this new environment due to their capabilities and strategic position. We are natural bridges between Europe and Africa,” Mitsotakis said.

The strategic nature of the two countries’ cooperation for energy security in Europe, which will make Greece a hub for the transfer of green energy, has been recognised by both the European Union and the USA.

It is part of the broader planning for the transfer of green energy and cooperation between Africa and Europe to address the climate crisis, providing an alternative and large supply of green electrical power to Europe while contributing to peace and stability in the region, promoting good bilateral relations and strengthening Greek-Egyptian cooperation.

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