Electricity Minister Mohamed Shaker said on Sunday
coordination is under way with the Greek side to agree on the international
consultancy office that will conduct the technical and economic feasibility
study of the power connection project between the two countries.
Speaking to MENA, Shaker said 2,000 megawatt can be
exchanged through the electricity interconnection project between Egypt and
Greece.
He added that an agreement was held with a Belgian company to discuss
installing underwater power cables between Egypt and Greece.
He said there is a growing European interest in power linkage projects with
Egypt given the country's abundance of renewable energy resources at a time Europe
is looking for alternatives to Russian gas.
As for the interconnection project with Saudi Arabia, he said around 87 percent of the aerial power line stretching between Badr and Taba was finalized.
Despite global challenges and the current disruption in supply chain, efforts are under way to finalize the first 1,500 megawatts by May 2025 and another 500 megawatts by November 2025.
Source: State Information Service
