{"id":578601,"date":"2023-01-05T04:03:54","date_gmt":"2023-01-05T04:03:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/05\/italy-proposes-a-usd-2-8-bn-electrical-interconnection-project-with-egypt\/"},"modified":"2023-01-05T04:03:54","modified_gmt":"2023-01-05T04:03:54","slug":"italy-proposes-a-usd-2-8-bn-electrical-interconnection-project-with-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/05\/italy-proposes-a-usd-2-8-bn-electrical-interconnection-project-with-egypt\/","title":{"rendered":"Italy proposes a USD 2.8 bn electrical interconnection project with Egypt"},"content":{"rendered":"

<\/a> Is an Egypt-Italy electricity interconnection project coming?<\/strong> Italy has reportedly submitted a proposal to the Egyptian Electricity Transmission Company to work on a joint USD 2.8 bn electricity interconnection project between the two countries with a capacity of 2.5-3 GW, Bloomberg Asharq<\/a> reports, citing two unnamed government sources.<\/p>\n

Italy is offering to do the legwork:<\/strong> Italy has reportedly proposed signing an MoU to begin conducting a feasibility study for the project, the costs of which the Italian side would cover. The Italian proposal also commits the country to securing funding from Italian banks and European financing agencies for the project, were it to go ahead.<\/p>\n

SOUND SMART- We\u2019ve built a <\/strong>large surplus<\/a><\/strong> of electricity generation capacity over the past few years \u2014 and Europe is looking for energy suppliers. <\/strong>Italy\u2019s proposal comes as Europe faces an unprecedented energy crisis thanks to the loss of Russian fossil fuels. We\u2019re well placed to help fill the gap: Egypt has already been preparing to link its electricity grids with Greece and Cyprus through a subsea cable as part of the USD 4 bn EuroAfrica Interconnector project<\/a> since 2018, while the USD 1.8 bn 3 GW Egypt-Saudi electricity interconnection<\/a> is set to go live in May 2025. Our grid is currently linked with Jordan, Palestine, Libya, and most recently Sudan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is an Egypt-Italy electricity interconnection project coming? Italy has reportedly submitted a proposal to the Egyptian Electricity Transmission Company to work on a joint USD 2.8 bn electricity interconnection project between the two countries with a capacity of 2.5-3 GW, Bloomberg Asharq reports, citing two unnamed government sources. Italy is offering to do the legwork: […]<\/p>\n","protected":false},"author":1,"featured_media":578602,"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":[6500,244,93,72,7111],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-egypt-italy-relations","tag-electricity","tag-energy","tag-enterpriseam","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"83818b44-f1bf-4a7a-a65b-cf09db1ea314","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/89.jpg","photo_position":"above","related_issue":[578590],"teaser":"","voice_url":""},"yoast_head":"\nItaly proposes a USD 2.8 bn electrical interconnection project with Egypt - 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\/2023\/01\/05\/italy-proposes-a-usd-2-8-bn-electrical-interconnection-project-with-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italy proposes a USD 2.8 bn electrical interconnection project with Egypt\" \/>\n<meta property=\"og:description\" content=\"Is an Egypt-Italy electricity interconnection project coming? Italy has reportedly submitted a proposal to the Egyptian Electricity Transmission Company to work on a joint USD 2.8 bn electricity interconnection project between the two countries with a capacity of 2.5-3 GW, Bloomberg Asharq reports, citing two unnamed government sources. 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The CEO of Norwegian renewable energy developer Scatec proposed a new electricity interconnection project between Egypt and Europe in a meeting with Prime Minister Moustafa Madbouly last week, according to a cabinet statement. 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The two ministers discussed the Grand Ethiopian Renaissance Dam, as well as developments in Palestine, Sudan\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624184,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/02\/eetc-completes-designs-acquires-licenses-for-sudan-interconnection-project\/","url_meta":{"origin":578601,"position":4},"title":"EETC completes designs, acquires licenses for Sudan interconnection project","author":"enterpriseam admin","date":"2 September 2018","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) has completed the designs for Egypt\u2019s USD 60-70 mn power interconnection project with Sudan and acquired the necessary permits and licenses to begin construction, EETC Chairman Gamal Abdel Rehim said, Al Mal reports. The first phase of the project, which is expected to go\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":591580,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/egypt-and-saudi-arabia-to-sign-electricity-interconnection-project-by-may-2020\/","url_meta":{"origin":578601,"position":5},"title":"Egypt and Saudi Arabia to sign electricity interconnection project by May 2020","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"Egypt and Saudi Arabia are due to complete signing all electricity interconnection project contracts by May 2020, head of the Egyptian Electricity Transmission Company Sabah Mashaly told the local press. She noted that a consultant has been selected to survey the route of the maritime cables, which had been changed\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\/578601","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=578601"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578601\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578602"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578601"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578601"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}