{"id":556221,"date":"2021-10-17T03:58:17","date_gmt":"2021-10-17T03:58:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/egypt-signs-mous-with-greece-cyprus-to-link-electricity-grids-globeleq-invests-in-benban\/"},"modified":"2021-10-17T03:58:17","modified_gmt":"2021-10-17T03:58:17","slug":"egypt-signs-mous-with-greece-cyprus-to-link-electricity-grids-globeleq-invests-in-benban","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/egypt-signs-mous-with-greece-cyprus-to-link-electricity-grids-globeleq-invests-in-benban\/","title":{"rendered":"Egypt signs MoUs with Greece, Cyprus to link electricity grids + Globeleq invests in Benban"},"content":{"rendered":"

<\/a> Hello, EuroAfrica:<\/strong> The USD 4 bn EuroAfrica Interconnector<\/a> project, which will connect the electrical grids of Egypt, Greece, and Cyprus, got a huge boost over the weekend after Egypt signed MoUs with Greece and Cyprus. The MoUs with Greece \u2014 signed by Electricity Minister Mohamed Shaker on Thursday during a trip to Athens \u2014 will see the two countries build an undersea cable connecting their grids. \u201cThe interconnection of transmission networks between our two countries represents a bold strategic initiative,\u201d Greek Prime Minister Kyriakos Mitsotakis tweeted<\/a> on Thursday, adding that the agreement \u201csecures the flow of green energy and enhances Europe\u2019s energy security.\u201d<\/p>\n

Separately, Egypt and Cyprus signed yesterday an MoU that would see them connect their electricity grids<\/strong>, Reuters<\/a> reports. \u201cFortifying our electricity grids and allowing the further integration of renewables in our respective energy mix, enhancing the security of our energy supply and enabling us to become exporters of energy, are but a few of the tangible benefits,\u201d Cyprus Energy Minister Natasa Pilides said at the signing. The MoU, which sets out a framework of cooperation from planning to implementation, could see Egypt and Cyprus exchange up to 2 GW of electricity<\/strong>, Shaker told Youm7<\/a> following the signing ceremony. This could then possibly be bumped up to 3 GW, he added.<\/p>\n

Timelines: <\/strong>The first, EUR 2.5 bn phase of the project will connect the three countries\u2019 grids and is set for commissioning by December 2023 with an initial capacity of 1 GW, according to the project\u2019s website<\/a>.<\/p>\n

Background: <\/strong>The project has been in the works for a while, as Cairo, Athens, and Nicosia signed the framework agreement back in 2019. The project comes at a time when Europe is experiencing an energy crisis<\/a>.<\/p>\n

This also isn\u2019t our first rodeo merging grids:<\/strong> Contracts for the linkup of Egypt and Saudi\u2019s electricity grids were handed down earlier this month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello, EuroAfrica: The USD 4 bn EuroAfrica Interconnector project, which will connect the electrical grids of Egypt, Greece, and Cyprus, got a huge boost over the weekend after Egypt signed MoUs with Greece and Cyprus. The MoUs with Greece \u2014 signed by Electricity Minister Mohamed Shaker on Thursday during a trip to Athens \u2014 will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[244,93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556221","post","type-post","status-publish","format-standard","hentry","category-energy","tag-electricity","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6e079557-f5dc-4dcc-9d7d-a3c6837afaf7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[556215],"teaser":"","voice_url":""},"yoast_head":"\nEgypt signs MoUs with Greece, Cyprus to link electricity grids + Globeleq invests in Benban - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/egypt-signs-mous-with-greece-cyprus-to-link-electricity-grids-globeleq-invests-in-benban\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt signs MoUs with Greece, Cyprus to link electricity grids + Globeleq invests in Benban\" \/>\n<meta property=\"og:description\" content=\"Hello, EuroAfrica: The USD 4 bn EuroAfrica Interconnector project, which will connect the electrical grids of Egypt, Greece, and Cyprus, got a huge boost over the weekend after Egypt signed MoUs with Greece and Cyprus. 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The ministry will review the studies before entering final talks with Cyprus on the details of the connection, Shaker said, without providing details on the expected timeline. EuroAfrica will\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637623,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/egypt-cyprus-agree-in-to-build-natural-gas-pipeline-connect-electricity-grids\/","url_meta":{"origin":556221,"position":2},"title":"Egypt, Cyprus agree in to build natural gas pipeline, connect electricity grids","author":"enterpriseam admin","date":"21 November 2017","format":false,"excerpt":"Egypt and Cyprus agreed to begin talks in December on a natural gas pipelineconnecting the two countries, Xinhua reports, citing Cypriot state radio. The new connection will use an existing pipeline connecting \u201cdepleted Egyptian gas fields to liquefaction plants at Idku and Damietta.\u201d Egypt will also be inking an agreement\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621757,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/electricity-ministry-has-concerns-on-implementation-cost-of-cyprus-power-linkage-project\/","url_meta":{"origin":556221,"position":3},"title":"Electricity Ministry has concerns on implementation cost of Cyprus power linkage project","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"The Electricity Ministry reportedly has concerns over the implementation cost and landing point of the 2,000 MW subsea power cable to connect the electricity grids of Egypt, Cyprus, and Greece, unnamed government sources said. The ministry sent comments to EuroAfrica Interconnector on its prepared feasibility studies for the USD 4\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631160,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/egypt-cyprus-greece-begin-working-to-implement-usd-4-bn-electricity-interconnection-project\/","url_meta":{"origin":556221,"position":4},"title":"Egypt, Cyprus, Greece begin working to implement USD 4 bn electricity interconnection project","author":"enterpriseam admin","date":"12 March 2018","format":false,"excerpt":"Egypt, Cyprus, Greece are moving ahead with a USD 4 bn project to connect their electricity grids: Egypt and Cyprus have approved the route for the 2,000 MW subsea power cable that\u2019s at the heart of a USD 4 bn project to connect the electricity grids of Egypt, Cyprus, and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628288,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/sisi-meets-with-chairman-of-euro-africa-interconnector-to-discuss-linking-egypt-cyprus-electricity-grids\/","url_meta":{"origin":556221,"position":5},"title":"Sisi meets with Chairman of Euro Africa Interconnector to discuss linking Egypt, Cyprus\u2019 electricity grids","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"President Abdel Fattah El Sisi met yesterday with Chairman of the EuroAfrica Interconnector, Ioannis Kasoulides, to discuss plans to implement a USD 4 bn electrical connection project with Cyprus and Greece, according to an Ittihadiya statement. EuroAfrica had presented the government the day before with feasibility studies for a 1,707\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=556221"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556221\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556215"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556221"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556221"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}