![]() ![]() The signing of contracts for the development of terminal stations is anticipated in the first half of June. ![]() ![]() Subsequently, overall project progress greatly relies on the swift issuance of licenses by local authorities.Īs the next step, the winning bidders of cable installation work are expected to sign project contracts in May. Large-scale projects such as the Crete-Athens grid link cover areas administrated by successions of local authorities. Officials at power grid operator IPTO, developing the project, have embraced the government decisions as they promise to prevent delays for this ambitious and challenging grid interconnection. However, in return, the Greek State must apply for temporary or final determination of compensation within one month. The latest move, offering expropriation rights, enables work to progress before compensation amounts have been determined and paid out to displaced property owners. Prior to this, early in April, government officials delivered the project’s environmental terms. By mutual agreement, the Egyptian and Saudi authorities recently awarded their power interconnection project to a consortium consisting of the Egyptian company Orascom Construction, SSEM and Hitachi ABB Power Grids, a company based in Zurich, Switzerland.The government has taken key initiatives to facilitate progress of the Crete-Athens electricity grid interconnection project, vital for the island’s energy sufficiency following the compulsory withdrawal of high-polluting power stations.Ī decision was reached yesterday at a cabinet meeting headed by Prime Minister Kyriakos Mitsotakis to induct this project into a code making the expropriation of property compulsory. A challenge much greater than the interconnection projects already initiated by Egypt and other countries including Sudan, Libya, Jordan, Iraq and recently Saudi Arabia. Going north, more than 1,000 km of sea separate Egypt from Greece. At least 955 km of submarine cable will be needed to link up with Cyprus. For its part, Egypt wants to interconnect its electricity network with the rest of Europe.īut the necessary infrastructure will be substantial. Read also- EGYPT: renewable energy exchanges with Saudi Arabia from 2024įor Greek Prime Minister Kyriakos Mitsotakis, the trilateral cooperation established by Greece, Cyprus and Egypt is a guarantee of stability in the Eastern Mediterranean on issues ranging from energy and tourism to environmental protection and high technology, through trade and navigation. Cairo’s goal is to produce 42% of its electricity from renewable sources by 2035. This capacity is set to increase with the implementation of major projects, particularly wind power, in the Gulf of Suez. The European Union has earmarked 657 million euros (736 million) for the construction of a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday. In the Egyptian electricity mix, 1,700 MW are of solar origin and 1,465 MW are produced by wind farms. For Egypt, this is a way to export some of its electricity at a time when the country is banking on clean energy, including solar and wind to increase its installed capacity and diversify its electricity mix.Īccording to official figures, Egypt has an installed capacity of 59,063 MW, more than five times the installed capacity of a country like Morocco. Two memorandums of cooperation were signed at a joint conference on the side-lines of the ninth tripartite summit between Egypt, Cyprus and Greece held in Athens on Tuesday, October 19 th, 2021. Egypt signs a trilateral agreement for electricity interconnection with Greece and Cyprus. ![]()
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