Greece and Egypt a Step Closer to a New Green Energy Corridor

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A major step toward establishing a vital new energy corridor between Greece and Egypt was completed on Monday with the signing of a key trilateral Memorandum of Understanding (MoU) for the GREGY-ELICA Interconnector project.

The MoU was formally signed by the electricity transmission operators of Greece and Egypt—IPTO and EETC—along with the project promoter, ELICA Mediterranean Electrical Interconnection S.M. S.A., a member of the Copelouzos Group. This agreement greenlights the next phase of studies for the massive submarine linkage, underscoring the commitment of all parties.

Crucially, the 3,000 megawatts (MW) of electricity transferred by GREGY will be 100 percent green energy, produced exclusively from vast renewable energy plants in Egypt.

Source: Wikipedia