Prime Minister Kyriakos Mitsotakis had a teleconference today with the President of Egypt Abdel Fattah El-Sisi and the team involved in the project for the power interconnection between Greece and Egypt.
The teleconference – which was also attended from Luxembourg by the President of the European Investment Bank Werner Hoyer – was held following the meeting between Mr Mitsotakis and Mr El-Sisi on the sidelines of the EU and African Union Summit, which took place in Brussels on February 17, having as its main topic of discussion the materialization of the project for the power interconnection of Greece and Egypt, which is a strategic priority for the two countries.
The Prime Minister pointed out that the power interconnection between Greece and Egypt – based on the Memorandum of Understanding for the Interconnection of their Electricity Networks – signed on October 14, 2021 – will contribute to the diversification of energy sources and routes of Europe and, therefore, it will contribute to the energy security of the European continent, an issue that becomes more relevant than ever, due to the new landscape shaped by the Russian invasion in Ukraine.
“Greece and Egypt have an important role to play in this new environment thanks to their capabilities and strategic position. We are the natural bridges between Europe and Africa “, stressed Kyriakos Mitsotakis.
It is noted that the strategic nature of this cooperation for Europe’s energy security, which will turn Greece into a green energy transfer hub, has been recognized by both the EU and the US.
The project is part of the broader green energy transfer and cooperation plans for tackling climate change between Europe and Africa, provides an alternative of large green electricity supplies for Europe, contributes to peace and stability in the region, promotes excellent bilateral relations and strengthens Greek-Egyptian cooperation.
