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Greece and Egypt talk again about the electricity interconnection project

Prime Minister Kyriakos Mitsotakis on Thursday had an online meeting with Egyptian President Abdel Fattah el-Sisi. The talks focused on the implementation of the project for an electricity interconnector linking Greece and Egypt, which is a strategic priority for both countries.

The basis of the power link  is the Memorandum of Understanding for the interconnection of the Greek and Egyptian power networks signed by the two countries on October 14, 2021.

PM Mitsotakis stressed that the power link will help diversify the energy source and supply routes to Europe and enhance energy security on the European continent.

The issue is even more pertinent now, due to the new landscape created by the Russian invasion of Ukraine.

“Greece and Egypt will play an important role in this new environment due to their capabilities and strategic position. We are natural bridges between Europe and Africa,” Mitsotakis underlined.

At the teleconference also the president of the European Investment Bank in Luxembourg, Werner Hoyer, participated.

The talks between Greece and Egypt were a follow-up of a meeting between Mitsotakis and Sisi in Brussels last month.

PS they better hurry up with the interconnection because price for electricity in Greece rose by 30% in the last 24 hours reaching 362,22 euro/MWh.

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