Egypt and Cyprus on Saturday will check in Nicosia a preliminary deal to construct a big electrical energy cable connecting the 2 international locations, in line with Philenews.
The EuroAfrica Interconnector settlement shall be sealed by the island’s Power Minister Natasa Pilides and Egypt’s Electrical energy Minister Mohamed Shaker.
On the identical time, Greece and Egypt on Thursday can even ink the trilateral settlement – the primary between Europe and Africa within the southeastern Mediterranean.
Egypt, which has a surplus of electrical energy, started talks a yr in the past to promote energy to Europe, urgent its benefit as a producer of low cost renewable vitality in a bid to grow to be a regional export hub.
It has been in discussions with Cyprus and Greece in latest months to construct a subsea cable linking the three international locations.
Egypt signed an preliminary settlement on the EuroAfrica Interconnector with Cyprus and Greece in 2019 with the leaders of the three nations declaring their assist for the undertaking in October 2020.