Greece, Egypt Sign Deal for Subsea Power Link

greece, energy, power, project, egypt,
Egypt
  • Date: 14-Oct-2021
  • Source: Asharq AL-awsat
  • Sector: Economy
  • Country: Egypt
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Greece, Egypt Sign Deal for Subsea Power Link

Greece and Egypt on Thursday clinched an agreement that 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.

Greek Energy Minister Kostas Skrekas and his Egyptian counterpart, Mohamed Shaker, signed a memorandum of understanding for the project at a ceremony in Athens, Reuters reported.

“Such an interconnection it’s a win-win for both Greece, Egypt and the European Union”, Skrekas said.

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