Egypt to study launching renewable energy interconnection project with Europe via Italy

Egyptian Prime Minister Mustafa Madbouly witnessed on Monday the signing ceremony of a memorandum of understanding (MoU) between Egyptian Electricity Transmission Company (EETC) and the Norwegian company Scatec ASA on conducting studies for the electrical interconnection project between Egypt and Europe to export renewable energy from Egypt to Europe via Italy.

The MoU was signed by Sabah Mashaly, Chairperson and Managing Director of the EETC, and Terje Pilskog, CEO of Scatec ASA.

Minister of Electricity and Renewable Energy Mohamed Shaker stated that the MoU supports and strengthens cooperation frameworks between Egypt and the European Union, especially in the field of energy in general and renewable energy in particular. It also contributes to cooperation and coordination with regard to exporting electric energy to Europe through Italy.

Sabah Mashali said that the scope of the MoU includes cooperation to start conducting studies in preparation for the implementation of a project to export renewable energy to Europe via Italy, using a marine interconnection line with a capacity of not less than 3 gigawatts.