US' McDermott joins consortium for Greece-Egypt power interconnection project

US-based global engineering and construction services company McDermott and Greece-based Eunice Energy Group announced on Tuesday the signing of a memorandum of understanding (MoU) for cooperation on the two-gigawatt (2 GW) electrical interconnection between Greece and Egypt.

Eunice Energy Group is leading the transnational consortium between Greece and Egypt for the Greece-Africa Power (GAP) Interconnector project, which aims to contribute to regional energy security and stability by facilitating intercontinental clean energy transfer.

As part of the consortium, McDermott will provide engineering and construction guidance for the project by bringing to the table its expertise in engineering, procurement, construction and installation (EPCI) for subsea and deepwater, the US firm said in a press statement.

"This is an MOU of strategic importance at a time when Europe is working to ensure energy security," said Michael McKelvy, McDermott President and CEO. "I am proud to join forces with Eunice Energy Group on the GAP project and help build the future of energy in the region."