The state-owned Egyptian Electricity Transmission Company (EETC) has signed an agreement with the Belgian engineering company Jan De Nul Group to begin studies for the construction of a 2 GW undersea interconnection project, which will deliver solar and wind energy from Egypt to Europe. The interconnector will transport renewable power from Egypt to Europe via a 1,000 km-long subsea power cable. The project’s start of construction is scheduled for 2027.
Under the agreement, Jan De Nul Group will carry out a financial and technical study. The study covers project financing, the production of green power, the installation and production of transmission systems such as cables, up to finding partners to connect to the existing grids in Europe.
Two additional interconnection projects linking Egypt to Europe are currently in the works. In February 2023, the Greek energy company Eunice Energy signed a memorandum of understanding (MoU) with the US’ McDermott to develop the 2 GW, 420 km Greece-Africa Power (GAP) Interconnector project, which will link the Greek island of Crete and Egypt. In addition, in October 2021, the Egyptian Ministry of Electricity and Renewable Energy and the Greek Ministry of Environment and Energy had signed a MoU to build a 1 GW HVDC line between Egypt, Cyprus and Greece.