Egypt and Greece sign MOU for electrical interconnection project
Categories: News - 2021-10-21 07:44:21
Greece, Athens: Egypt and Greece have signed an MoU for an electrical interconnection project of connecting the two countries via subsea cable.
Under the terms of the memorandum of understanding (MoU), a working group of senior officials, representatives of the power grid operators, and energy regulators in both countries will be established to examine the feasibility and financing options for the project.
Cyprus is due to sign a similar agreement with Egypt as part of the project to link the networks of the three countries.
“The electrical interconnection between Egypt and Greece will achieve a well-connected network across the Eastern Mediterranean,” Egypt’s electricity minister Mohammed Shaker said at the signing ceremony of the MoU in Athens.
The signing of the MoU with Greece comes less than two weeks after the award of major contracts for the planned $1.6 B electrical interconnections between Egypt and Saudi Arabia.
The contracts were awarded to a consortium of Hitachi Energy, Saudi Services for electromechanical works and Egypt’s Orascom Construction.
The contracts include the construction of three high-voltage substations, the East Madinah station and Tabuk station in Saudi Arabia, and the Badr Station in East Cairo, linked by overhead transmission lines with a length of about 1,350 m and marine cables in the Gulf of Aqaba with a length of 22 km.
The award is for the first-ever large-scale HVDC interconnection in the Middle East and North Africa.
Greece is also planning to have an interconnection with Israel and Cyprus, with the three countries signing an MoU for the planned $900 M EuroAsia Interconnector project in March this year.
The planned interconnector would have the capacity to carry transmit 1-2 GW of electricity during peak periods, with an ambitious target of completing the project in 2024 with the aim of beginning operations in 2025.
This text is taken from https://transformers-magazine.com/tm-news/egypt-and-greece-sign-mou-for-electrical-interconnection-project/