Egypt and Greece have reaffirmed their commitment to an ambitious energy project that will connect the two countries through a 1,000-kilometer undersea power cable. The interconnection is designed to transport renewable energy from Egypt to Europe.
During a meeting in Athens, Greek Prime Minister Kyriakos Mitsotakis and Egyptian President Abdel Fattah el-Sissi highlighted the project’s potential to supply Europe with competitively priced green energy, especially wind and solar power produced in Egypt.
The high-capacity cable, with a planned output of 3,000 megawatts, is expected to cost around 4 billion euros and could be operational within five years. The initiative is being supported by both governments, with investment from private companies including Greece’s Copelouzos Group.
President el-Sissi described the project as a strategic breakthrough, emphasizing its regional and international significance as the first direct clean energy link from Egypt to Europe. He also called for continued backing from European partners to ensure the project’s success.
The energy partnership is part of broader efforts to reduce reliance on traditional energy sources and diversify supply routes into Europe.
In addition to energy cooperation, the leaders discussed enhancing regional security, addressing migration issues, and deepening Egypt’s ties with Europe. Agreements were also reached to facilitate seasonal employment for Egyptian workers in Greece and expand collaboration in financial, defense, and cultural sectors.