Her work Egypt-Greece electrical interconnection, with which our country it will also supply the rest of Europe with energyis an ambitious undertaking that is expected to change the energy map.

Read the Euro-Egyptian Joint Declaration in detail (English)

During the meeting of Kyriakos Mitsotakis with the Egyptian president Abdel Fattah al-Sisi, the ambitious project of the Greece-Egypt electrical interconnection, which will make Greece an energy hub in the Eastern Mediterranean.

This is the GREGY Interconnector project, with which a 950 km submarine cable with a capacity of 3,000 MW will essentially transfer electricity from Renewable Sources from Egypt directly to Attica. The ultimate goal is to export green energy to the rest of Europe, while a part of it will be utilized by Greek industry and Greek families.

Speaking about the strategically important agreement, Commission President Ursula von der Leyen stressed that energy investment is a central element of EU-Egypt cooperation with the joint statement making reference to the GREGY electricity interconnection project. “Together we develop it GREGY electrical interconnection project. To connect Egypt with Greece. Bringing the two shores of the Mediterranean closer together. Egypt also has the resources to become a renewable energy hub, especially when it comes to renewable hydrogen,” stressed Ursula von der Leyen, noting that Egypt is willing to attract foreign investment and has signed a Memorandum of Understanding for this.

Earlierduring the Mitsotakis – Sisi meeting, as government sources say, the decision of the two leaders was confirmed to upgrade and deepen the strategic relationship of the two countries with their Joint Declaration on the establishment of a Greece-Egypt Supreme Cooperation Council (SCC), the first meeting of which will be held in Athens in the near future. Particular emphasis, they add, was given to energy cooperation and the Greece-Egypt electricity interconnection project (GREGY), which will transfer clean electricity from Egypt to Greece contributing in the energy security of the whole of Europe.