US EditionGreece and Egypt reaffirm their commitment to an undersea power cable
- On May 7, 2025, leaders of Greece and Egypt met in Athens to reaffirm their support for a planned subsea power cable that will link Egypt to Europe through Greece.
- The renewed pledge followed cooperation agreements across sectors and aligns with the EU's goal to diversify energy sources and reduce reliance on Russian energy, especially after Russia's 2022 invasion of Ukraine.
- The undersea cable, with a capacity of 3,000 megawatts, will extend almost 1,000 kilometers through the eastern Mediterranean Sea, transmitting renewable energy—specifically solar and wind power generated in Egypt—with Greece’s Copelouzos Group playing a leading role in private sector participation.
- Mitsotakis highlighted that the initiative will enable both Greece and Europe to access affordable energy—mainly generated from competitively produced wind power—with the potential to distribute surplus energy throughout the continent, underscoring the project's significance for the region.
- The project, costing around 4 billion euros and expected to operate within five years, represents a strategic step for regional energy cooperation, with strong EU backing making it eligible for significant funding and fostering closer EU-Egypt ties.
19 Articles
19 Articles
Associated Press News
Greece and Egypt reaffirm their commitment to an undersea power cable
Greece and Egypt have reaffirmed their commitment to a major undersea electricity interconnection to deliver renewable energy from North Africa to Europe.
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