{"id":582803,"date":"2023-02-27T00:00:00","date_gmt":"2023-02-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/"},"modified":"2023-02-27T00:00:00","modified_gmt":"2023-02-27T00:00:00","slug":"scatec-norway-propose-another-egypt-europe-interconnector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/","title":{"rendered":"Scatec + Norway propose another Egypt-Europe interconnector"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Scatec + Norway-backed Europe electricity link?<\/span><span style=\"\"> The CEO of Norwegian <\/span><span>renewable ener<\/span><span style=\"\">gy 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 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3xWxXrA\" style=\"\">cabinet statement<\/a><\/span><span style=\"font-weight:400;\">. The project would be backed by the Norwegian government and would export power generated by renewable energy to Europe via a 3-GW link, according to the plan put forward by CEO Terje Pilskog.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What they said:<\/span><span style=\"\"> \u201cWe look forward to exporting electricity from Egypt to Europe, and we have a <\/span><span style=\"font-weight:400;\">ready MoU to sign with the Egyptian government in that regard,\u201d the statement quotes Pilskog as saying. He said the project would help secure Europe\u2019s energy resources from clean energy and backs the continent\u2019s green transition plans. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More study needed, says electricity minister: <\/span><span style=\"\">Electricity Minister Mohamed Shaker said that <\/span><span style=\"font-weight:400;\">the proposal will require further discussions, though he expressed willingness to cooperate with the company. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We make that five proposed Europe interconnectors: <\/span><span style=\"\">Egypt has been preparing to link its <\/span><span>electricity grids with Greece and Cyprus through a subsea cable as part of the USD 4 bn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/12\/egypt-cyprus-greece-begin-working-to-implement-usd-4-bn-electricity-interconnection-project\/\" style=\"\">EuroAfrica Interconnector project<\/a><\/span><span style=\"\">since 2018, while two direct Egypt-Greece links \u2014 the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/06\/01\/the-war-in-ukraine-is-accelerating-plans-to-link-our-electricity-grid-to-greece-72429\/\" style=\"\">3-GW Greece-Egypt Interconnector<\/a><\/span><span style=\"\"> (GREGY) and the 2-GW <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/02\/us-contractor-mcdermott-to-work-on-greece-africa-power-interconnector-95290\/\" style=\"\">Greece\u2013Africa Power Interconnector (GAP)<\/a><\/span><span style=\"\"> \u2014 are both being studied. Egypt and Italy are also discussing a<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/19\/this-morning-investors-to-wrap-up-sukuk-roadshow-tomorrow-97264\/\" style=\"\">separate 3-GW link<\/a><\/span><span style=\"\"> and could sign MoUs for the project in June. Our grid is currently linked with Jordan, Palestine, Libya, and most recently Sudan, and will link up with Saudi via a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/20\/egypt-saudi-electricity-interconnection-finally-has-a-timeline-84594\/\" style=\"\">3-GW interconnection<\/a><\/span><span style=\"font-weight:400;\"> in 2025.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Europe is looking across the Med as it faces a future without Russian gas:<\/span><span style=\"\"> The EU is <\/span><span style=\"font-weight:400;\">looking to import electricity and secure new long-term gas supplies from Egypt following the loss of Russian gas last year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER-<\/span><span style=\"\"> Scatec has emerged as a key player in Egypt\u2019s energy sector, building the country\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/04\/03\/scatec-inks-ain-sokhna-green-hydrogen-pact-with-sfe-and-oc-68181\/\" style=\"\">first green hydrogen plant<\/a><\/span><span style=\"\"> with Fertiglobe, Orascom Construction, and the Sovereign Fund of Egypt (SFE). <\/span><span style=\"\">The Norwegian company plans to sign a joint development agreement for a USD 5.5 bn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/15\/egypt-approves-usd-5-5-bn-green-ammonia-plant-91315\/\" style=\"\">green ammonia plant<\/a><\/span><span style=\"\">in Ain Sokhna with Egyptian Petrochemicals Holding Company (ECHEM) and state fertilizer company Mopco<\/span><span style=\"font-weight:400;\">, according to Thursday\u2019s statement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scatec + Norway-backed Europe electricity link? 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. The project would be backed by the Norwegian government and would export power generated by renewable [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":582804,"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":[244,93,72,1382,254,7111,1096,573],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-electricity","tag-energy","tag-enterpriseam","tag-green-ammonia","tag-green-hydrogen","tag-infrastructure","tag-norway","tag-scatec","wpautop","entry"],"acf":{"mongo_id":"4300b9a7-cef7-4538-a721-679ff6de206e","is_powered_by":false,"story_type":"1","photo_url":"http:\/\/enterprise.press\/wp-content\/uploads\/2023\/02\/benban-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[582796],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.d80f1bf2-6c76-4ac3-ba46-7e40c6d077be.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Scatec + Norway propose another Egypt-Europe interconnector - 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\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scatec + Norway propose another Egypt-Europe interconnector\" \/>\n<meta property=\"og:description\" content=\"Scatec + Norway-backed Europe electricity link? 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. The project would be backed by the Norwegian government and would export power generated by renewable [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2023\/02\/benban-1600px.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Scatec + Norway propose another Egypt-Europe interconnector\",\"datePublished\":\"2023-02-27T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/\"},\"wordCount\":365,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2023\/02\/benban-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"electricity\",\"energy\",\"EnterpriseAM\",\"green ammonia\",\"green hydrogen\",\"infrastructure\",\"Norway\",\"Scatec\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/scatec-norway-propose-another-egypt-europe-interconnector\/\",\"name\":\"Scatec + Norway propose another Egypt-Europe interconnector - 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&quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/150.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586883,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/infinity-power-copelouzos-could-partner-on-renewable-energy\/","url_meta":{"origin":582803,"position":2},"title":"Infinity Power, Copelouzos could partner on renewable energy","author":"enterpriseam admin","date":"18 May 2023","format":false,"excerpt":"Renewable energy would be sent to Europe via the proposed GREGY connector","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2021\/12\/electricity-energy.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542940,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/ebrd-writes-usd-100-mn-check-for-scatecs-green-bond\/","url_meta":{"origin":582803,"position":3},"title":"EBRD writes USD 100 mn check for Scatec\u2019s green bond","author":"enterpriseam admin","date":"25 January 2022","format":false,"excerpt":"EBRD backs Scatec Solar Benban green bond: The European Bank for Reconstruction and Development (EBRD) will subscribe to almost a third of Scatec Solar\u2019s upcoming green bond issuance, which will use the proceeds to support its solar plants in Benban, according to the bank\u2019s website. The lender will contribute USD\u2026","rel":"","context":"In &quot;Green economy&quot;","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581891,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/23\/this-evening-ekh-to-invest-usd-170-mn-this-year-a-norway-backed-electricity-interconnection-project-could-be-in-the-works\/","url_meta":{"origin":582803,"position":4},"title":"THIS EVENING: EKH to invest USD 170 mn this year + A Norway-backed electricity interconnection project could be in the works","author":"enterpriseam admin","date":"23 February 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and a very happy THURSDAY to all of you. After what felt like a particularly long workweek, we are so ready for the weekend.THE BIG STORIES TODAY\u2013 #1- Egypt Kuwait Holding plans to invest USD 170 mn across at least three sectors this year, following\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":662362,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/16\/scatec-inks-ppa-with-egyptalum-for-1-1-gw-solar-plant\/","url_meta":{"origin":582803,"position":5},"title":"Scatec inks PPA with EgyptAlum for 1.1 GW solar plant","author":"enterpriseam admin","date":"16 March 2025","format":false,"excerpt":"The renewables player is hoping to break ground on the project in the next 12 months","rel":"","context":"In &quot;RENEWABLES&quot;","block_context":{"text":"RENEWABLES","link":"https:\/\/enterpriseam.com\/egypt\/category\/renewables\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1178.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582803","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=582803"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582803\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/582796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/582804"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=582803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=582803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=582803"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=582803"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=582803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}