Egypt, Cyprus, Greece Sign Electricity Interconnection Deal

Egypt, Cyprus, Greece Sign Electricity Interconnection Deal

Egyptian Electricity Transmission Company (EETC) signed a framework agreement with Euro Africa Interconnector Company to connect the power grids of Egypt, Cyprus and Greece through Crete by a 2,000-megawatts (MW) electricity interconnection, Egypt Oil & Gas reports.

The agreement was signed by Sabah Mashaly, EETC’s head; and Nasos Ktorides, CEO of Euro Africa Interconnector Company; in the attendance of Egyptian Prime Minister, Mostafa Madbouly; and Electricity Minister, Mohamed Shaker, the Cabinet said in a statement.

Euro Africa Interconnector prepared a feasibility study for the first phase of connecting 1,000 MW between the three countries, said Ktorides, adding that a consultant will be hired to support EETC in preparing financial, commercial and operational agreements for the project.