EuroAfrica Interconnector and the Egyptian Transmission company signed an electricity framework agreement yesterday in Cairo, Egypt.
The agreement entails the construction and commission of the EuroAfrica Interconnector which will link Egyptian electricity networks with Cyprus and will in turn lead to further projects in Greece and as a result Europe.
The agreement was signed by EuroAfrica Interconnector CEO Nasos Ktorides and Sabah Mohamed Mashal, head of the Egyptian Electricity Transmission Company.
The electricity interconnection, which will be implemented using subsea high-voltage direct current, will have the capacity to transmit 2,000MW. The project will be completed in two phases, with the first one providing the transmission capacity of 1,000MW.
The agreement was signed in the presence of the Prime Minister of Egypt Moustafa Madbouly, Head of the Egyptian Electricity Transmission Company Sabah Mohammed Mashal, former Cypriot foreign minister Ioannis Kasoulides and Chairman of EuroAftrica Interconnector’s strategic council of the as well as the Cypriot ambassador in Cairo Haris Moritsis.
The framework agreement was signed by the Head of Egyptian Electricity Transmission company’s Moustafa Mabdouly and by EuroAfrica Interconnector’s CEO Nasos Ktorides.
This project has great importance for Cyprus, as securing more electricity for Cyprus is an element which will save significant resources from the production and supply of electricity in the future for the island, especially in the summer months where demand is much higher.
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