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Thursday, 2 February 2023

US contractor McDermott to work on Greece–Africa Power Interconnector

Another Greece-Egypt electricity interconnector is in the works: The US contractor McDermott has signed an MoU with Greek renewables company Eunice Energy Group to work on a 2-GW interconnector that will link Greece and Egypt’s electricity grids, according to a joint statement. The Greece–Africa Power Interconnector (GAP) will transit the Mediterranean between Crete and Marsa Matrouh and is expected to be completed before 2030.

Who’s who: Eunice Energy is leading the consortium of companies working on the project. McDermott is on board to provide engineering and construction guidance.

This isn’t GREGY: Elica — a 50/50 joint venture between big-time Greek infrastructure investor Copelouzos Group and Samaras Group — is working to get the 3-GW Greece-Egypt Interconnector (GREGY) project off the ground. The EUR 3.5 bn interconnector will run almost 1.5k km from Wadi El Natroun directly across the Mediterranean to mainland Greece.

A lot of renewables could be involved: The two countries have discussed a plan to add 9.5 GW of renewable power generation capacity in Egypt for export across the Mediterranean.

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