Greece and Egypt have reaffirmed their dedication for an underwater electrical connection proposal designed to move renewable vitality from North Africa to Europe.
Greek Prime Minister Kyriakos Mitsotakis and Egyptian President Abdel Fattoh El-Sissi renewed their dedication throughout the talks in Athens, following the signature of cooperation agreements in a number of sectors.
The capability cable of three,000 anticipated megawatt will prolong nearly 1,000 kilometers below the japanese Mediterranean and has obtained the assist of the European Union, making it appropriate for important funding from the block.
“This will permit each Greece and Europe to import low-cost vitality vitality vitality vitality, which you’ll be able to produce in a really aggressive method to export it to Europe,” stated Mitsotakis.
The mission, estimated at a value of round 4 billion euros, ought to develop into operational inside 5 years below an bold temporal sequence established by each governments.
It goals to transmit a sunny energy and generated by the wind explicitly developed for the mission in Egypt, with the involvement of the personal sector led by the Copelouzos group of Greece.
El-Sissi highlighted the strategic significance of the mission.
“It isn’t just a bilateral query: it’s a regional strategic mission, because it creates a direct hyperlink that can prolong to Europe by way of Greece,” he stated.
“We rely on the assist of the European Union for this necessary initiative”.
The EU expressed a robust curiosity within the growth of vitality partnerships with non -members to diversify its vitality sources and scale back its historic dependence on Russian vitality following the huge scale of Ukraine in 2022.
Mitsotakis and El-Sissi additionally mentioned regional safety, migratory challenges and methods to deepen the relations of Egypt with the European Union.
“Greece is an allied agency of Egypt, additionally on points regarding the relations of your nation with the European Union,” stated Mitsotakis, underlining the position of Athens in selling closest EG-EGizian ties.
The interviews in Athens ended with the agreements to discover a further vitality cooperation, facilitate an growth of a seasonal employment of Egyptian employees in Greece and enhance collaboration in monetary, protection and cultural sectors.
