Egypt is finalizing the procedures needed to begin the electricity linkage project with Cyprus, the Electricity Ministry said in a statement. The project will open the door for electricity linkage between Egypt and Europe and using new renewable energy capacity to help Egypt serve as an energy hub in the region. The two countries are set to build a USD 1.5 bn subsea power cable to link Egypt’s electricity grid with Cyprus as part of a USD 4 bn drive to connect Egypt’s grid to countries in Africa and in Europe, including Greece.

Tags: