Greece and Egypt have signed a preliminary deal to build a large electricity cable connecting the two countries, the first such agreement to be signed between Europe and Africa in the southeastern Mediterranean.
Greece is keen to connect its power grid to Egypt, where the cost of energy from solar parks is low. A memorandum of understanding between the two countries will be signed in Athens.
The deal comes as Greece, Cyprus, and Israel plan to build the Euro-Asia Interconnector, the world’s longest and deepest underwater power cable crossing the Mediterranean at a cost of about US$900 million.
Country updates
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October 20, 2021
Globeleq completes acquisition of 66 MWp solar project in Benban
Independent power producer (IPP) Globeleq has completed the acquisition of a 66 MWp solar photovoltaic facility located within the Benban PV complex in Egypt. The project was developed through t...
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October 18, 2021
Scatec, partners to build up to 100 MW green hydrogen production in Ain Sokhna
Scatec has entered into an agreement with Fertiglobe plc, a leading ammonia producer, and The Sovereign Fund of Egypt (TSFE), to jointly develop a 50 to 100 MW green hydrogen facility as feedstock for...
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October 18, 2021
Orascom Construction to develop 500 MW Onshore wind farm in Egypt
Orascom Construction PLC has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to develop, construct and operate a 500 MW wind farm in Ras Ghareb, Egypt.
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October 11, 2021
Contract awarded for 3 GW HVDC interconnection project between Egypt and Saudi Arabia
Hitachi ABB Power Grids has been selected as the lead in a consortium that has been awarded a major contract for HVDC interconnection from the Saudi Electricity Company and the Egyptian Electrici...
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September 28, 2021
Macquarie named preferred bidder for 49% in Hellenic Electricity Distribution Network Operator
Macquarie Infrastructure and Real Assets Group (MIRA) has been declared as the highest bidder in a tender to buy 49% of Hellenic Electricity Distribution Network Operator (HEDNO) offering EUR2.12 bill...
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