“Greece’s electricity connection with Egypt a milestone for national energy security”, says Skrekas

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THE Minister of Environment and Energy, Costas Skrekasmet today, Thursday 14 April, with the President and CEO of the Egyptian Electricity Transmission Company EETC, Sabah Mohamed Mashaly and Representative of the Ministry of Electricity and RES of Egypt, Dr. Amgad Ahmed Saeedwith the object of electricity interconnection of Greece with Egypt.

The meeting was also attended by the General Secretary of Energy and Mineral Raw Materials, Alexandra Sdoukou, the President and CEO of IPTO, Manos Manousakis, the Vice President of IPTO, Ioannis Margaris and representatives of Elica Group promoting the project.

The two sides discussed the importance of the submarine cable that will connect the electrical systems of Greece and Egypt, by creating a common, vital field of economic and energy cooperation. The Greek Minister stressed that the project, which will further enhance the strategic relationship between the two countries, is a key priority of the Government, while conveying the will of the Greek side to proceed rapidly with the necessary studies for its implementation. Mr. Skrekas referred to the benefits it will have for the energy transition and the response to the climate crisis, as it will transports green energy to be produced by RES from Egypt to Greecewhile he also referred to the significant know-how that IPTO has in the implementation of electrical interconnection projects.
At the meeting it was agreed to consider the possibility of including the electricity interconnection of the two countries in the Projects of Common / Mutual Interest, as it will contribute to Europe’s energy autonomy.

The Minister of Environment and Energy, Costas Skrekas, stated: “The Greek-Egyptian electricity interconnection becomes even more important due to the Russian invasion of Ukraine, which feeds back on the international energy crisis. It will strengthen national energy security, shielding our country from imported crises like the one raging in recent months, as it will make a decisive contribution to reducing our dependence on fossil fuel imports. The project will upgrade the geopolitical role of our country in the region of the Eastern Mediterranean and Southeastern Europe, by transforming Greece into a hub for the transfer of green energy. The clean energy that will be transferred to our country through the submarine cable will lead to increased competition and reduced energy costs for households and businesses. “With the electricity interconnection of the two countries, we deepen our strategic cooperation with Egypt and promote prosperity and stability in the wider region.”

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