Saudi Arabia and Greece to Conduct feasibility study on electricity interconnection project

Saudi Arabia and Greece to Conduct feasibility study on electricity interconnection project

The establishment of the special purpose company “Saudi Greek Interconnection” for conducting the feasibility study related to the implementation of the Greece-Saudi Arabia electricity interconnection ...

The post Saudi Arabia and Greece to Conduct feasibility study on electricity interconnection project appeared first on SaudiGulf Projects.The establishment of the special purpose company “Saudi Greek Interconnection” for conducting the feasibility study related to the implementation of the Greece-Saudi Arabia electricity interconnection was signed by the Chairman and CEO of IPTO Mr. Manos Manousakis and the CEO of National Grid Mr. Waleed Al-Saadi at a special event held at the Operator’s headquarters in Athens.

The partnership between IPTO and National Grid, overseen by the Ministry of Energy and Environment of Greece and the Ministry of Energy of Saudi Arabia, reflects the strategic cooperation between Greece and Saudi Arabia in the energy sector, which was agreed at the highest level in the summer of 2022, during the visit to Greece by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud the Crown Prince and the prime minister of Saudi Arabia.

In the framework of this cooperation, the two Electricity National Transmission Grid Operators signed the Shareholders Agreement on September 27th, 2023 in Athens.

As set out