President Abdel-Fattah El-Sisi discussed on Saturday opportunities for cooperation in renewable energy with executives from Copelouzos Group, the Egyptian presidency announced.
El-Sisi and president of Copelouzos Group Dimitris Copelouzos discussed opportunities for cooperation with the Greek Group to undertake electricity production projects using renewable energy sources in Egypt.
El-Sisi and the executives also agreed to continue the ongoing studies to establish projects to produce and transfer clean energy from Egypt to Europe through Greece, which would consolidate Egypt’s position as a regional hub for trading all types of energy.
In a telephone call on Friday, the Egyptian president and Greek Prime Minister Kyriakos Mitsotakis affirmed their keenness to boost cooperation on the bilateral level, especially in energy and power linkage.
In October 2019, Egypt signed an agreement with Greece to extend an undersea cable that would transmit power from North Africa to Europe. In the same month, it signed an agreement on linking the two countries’ electricity transmission networks.
Known as the GREGY interconnection, the cable between Egypt and Greece is a 3.5-billion-euro project where the undersea cable will carry 3,000 MW RES and connect northern Egypt directly with Attica in Greece.
The GREGY electricity interconnection project was developed by the Copelouzos Group.
Source: ahram
