Cyprus, Egypt pave way for electricity link

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Cyprus, Egypt pave way for electricity link
 © FinancialMirror 2021
Cyprus and Egypt signed a bilateral agreement on electricity interconnection in Nicosia on Saturday that paves the way for the €2.5 bln EuroAfrica Interconnector to move ahead with final feasibility studies, permits and licensing.

The project will allow Egypt to export its electricity produced from renewable sources (RES) to energy-thirsty Europe via the 1,396km subsea cable from Damietta to Kofinou, then to Korakia in Crete where it will connect to the Greek network and then to continental Europe.

The first phase of the EuroAfrica Interconnector will have a transmission capacity of 1,000MW, with a...

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Article automatically added to our system on Saturday, October 16, 2021

Cyprus, Egypt pave way for electricity link

Contents of this article including associated images are © FinancialMirror 2021
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Article Tags: #cyprus   #egypt   #electricity  

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