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Electricity & Power

Egypt, Cyprus sign MoU to connect electricity grids via subsea cable

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Posted: October 17, 2021 at 1:39 pm   /   by   /   comments (0)

Egypt and Cyprus signed yesterday an MoU that would see them connect their electricity grids, Reuters reports. “Fortifying our electricity grids and allowing the further integration of renewables in our respective energy mix, enhancing the security of our energy supply and enabling us to become exporters of energy, are but a few of the tangible benefits,” Cyprus Energy Minister Natasa Pilides said at the signing.

The MoU, which sets out a framework of cooperation from planning to implementation, could see Egypt and Cyprus exchange up to 2 GW of electricity, Shaker told Youm7 following the signing ceremony. This could then possibly be bumped up to 3 GW, he added.

Cyprus and Egypt sign deal to pursue electricity hookup

Cyprus and Egypt signed an accord on Saturday to pursue links between the electricity transmission networks of the two countries.

A memorandum of understanding was signed by the energy ministers of Cyprus and Egypt, setting out a framework of cooperation from planning to implementation.

“For Cyprus, this electricity interconnection with Egypt, one of our valued strategic allies in the region, has the potential to constitute a cornerstone of our efforts to transition to a green economy,” Natasa Pilides, Cyprus’s energy minister, said at a signing ceremony with her Egyptian counterpart, Mohamed Shaker.

“Fortifying our electricity grids and allowing the further integration of renewables in our respective energy mix, enhancing the security of our energy supply and enabling us to become exporters of energy, are but a few of the tangible benefits,” Pilides said.

Earlier in the week, Greece and Egypt signed a similar agreement, which sets the stage for an undersea cable that will transmit power produced by renewables from North Africa to Europe, the first such infrastructure in the Mediterranean.

(Sources: Enterprise.press & Reuters)

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