Egypt, Greece and Cyprus link their power grids

Countries aim to create natural gas hub in Mediterranean

21 October, 13:05

    (ANSA) - NAPLES, 21 OTT - Egypt, Greece and Cyprus signed a major agreement to link their electricity grids, in the latest sign of increasingly close and wide-ranging relations binding the three nations, which are already partnering on an ambitious energy project to turn the Eastern Mediterranean into a major natural gas hub.

    UAE daily The National said Egyptian President Abdel Fattah El Sisi described the agreement as a first step towards connecting the three nations' grids with the rest of Europe.

    It said their alliance is also partially designed to counter the growing influence of Turkey in the Middle East.

    "It's my personal pleasure to witness with you today the signing of the tripartite agreement to link our electricity grids," said El Sisi after meeting in Athens with Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nicos Anastasiades.

    The agreement follows the signing this month of an agreement on the project, which includes an undersea cable 1,396 kilometres long with a cost of 2.7 billion dollars.

    The cable will be the world's longest and will allow the three countries to share up to 2,000 megawatts.

    Egypt in recent years has become an exporter of electricity and already has plans to link its electricity grid with Sudan, Libya, Jordan and Saudi Arabia.

    However, the current contract also came about because Greece and Cyprus increased their political ties with Egypt following the arrival of El Sisi to power in 2014, putting an end to a history that included strong political tensions.

    The meeting in Athens coincided with the announcement by the Egyptian army of joint exercises in the Mediterranean with Greek and Egyptian military fleets. (ANSA).

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