Cyprus, Greece, Egypt sign electricity agreement

trilateral summit between greece, cyprus and egypt at the presidential palace in athens

Cyprus, Greece and Egypt on Tuesday signed a Memorandum of Understanding (MoU) on electricity interconnection, with the Greek premier calling the trilateral alliance among the three nations a “beacon of stability” in the eastern Mediterranean.

“Energy is becoming the bridge connecting Egypt to Europe,” Greek Prime Minister Kyriakos Mitsotakis said during a joint news conference.

“In an era where energy diversification is being sought, Egypt can become a provider of electricity generated mainly from solar power,” Mitsotakis said.

The governments of Greece and Cyprus had recently signed separate MoUs with Egyptian authorities to link their power systems to Egypt’s via a subsea cable.

The interconnector is planned to transmit power produced by renewables in North Africa to Europe.

The EuroAfrica Interconnector is a high-voltage direct current interconnector and submarine power cable between the Greek, Cypriot, and Egypt power grids through the Greek island of Crete. Dubbed an ‘energy highway’ bridging Africa and Europe, it will have a capacity to transmit 2,000 megawatts of electricity in either direction.

In the first stage, the interconnector will have a capacity of 1000 MW. It’s estimated that the first link between the Burullus gas power plant in Egypt and Kofinou in Cyprus will be finished in 2022. The longest interconnection between Kofinou and Fodele on Crete will be completed in 2023.