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Monday, 12 March 2018

Egypt, Cyprus, Greece begin working to implement USD 4 bn electricity interconnection project

Egypt, Cyprus, Greece are moving ahead with a USD 4 bn project to connect their electricity grids: Egypt and Cyprus have approved the route for the 2,000 MW subsea power cable that’s at the heart of a USD 4 bn project to connect the electricity grids of Egypt, Cyprus, and Greece, unnamed government sources tell Al Borsa. The 1,707 km cable has now entered the pre-works phase, according to EuroAfrica Interconnector, which will install the cable. Egypt and Cyprus have also agreed on the cable’s landing point in Egypt, the company says. The financial studies for the project remain underway, and Egypt is also assessing its compliance with security and environmental regulations, according to Electricity Minister Mohamed Shaker. The three countries had agreed in November to conduct feasibility studies on the power linkage, which is expected to become part of a larger connection project between Europe and Africa.

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