Egypt, Cyprus sign MoU to connect electricity grids via subsea cable

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Egypt and Cyprus signed an MoU that would see them connect their electricity grids, Reuters reports. “Fortifying our electricity grids and allowing the further integration of renewables in our respective energy mix, enhancing the security of our energy supply and enabling us to become exporters of energy, are but a few of the tangible benefits,” Cyprus Energy Minister Natasa Pilides said at the signing.

A memorandum of understanding was signed by the energy ministers of Cyprus and Egypt, setting out a framework of cooperation from planning to implementation.

“For Cyprus, this electricity interconnection with Egypt, one of our valued strategic allies in the region, has the potential to constitute a cornerstone of our efforts to transition to a green economy,” Natasa Pilides, Cyprus’s energy minister, said at a signing ceremony with her Egyptian counterpart, Mohamed Shaker.

“Fortifying our electricity grids and allowing the further integration of renewables in our respective energy mix, enhancing the security of our energy supply and enabling us to become exporters of energy, are but a few of the tangible benefits,” Pilides said.

Cyprus and Egypt have forged closer ties in recent years following the discovery of natural gas deposits in waters between the east Mediterranean neighbors.

The two countries are also working on plans to convey gas discovered in Cypriot and Israeli waters to Egyptian processing plants, where it would be liquefied and exported by ship to European and Asian markets.

Earlier in the week, Greece and Egypt signed a similar agreement, which sets the stage for an undersea cable that will transmit power produced by renewables from North Africa to Europe, the first such infrastructure in the Mediterranean.