The proposed EuroAfrica Interconnector project has attained even greater importance since the Russian invasion of Ukraine, which has generated a full-blown energy crisis, Greek Environment and Energy Minister Kostas Skrekas said on Thursday, during his meeting in Athens with the head of the Egyptian Electricity Transmission Co., Sabah Mashali, and the representative of Egypt’s electricity and renewable energy sources ministry, Ahmed Saeed.
Skrekas noted that the electricity interconnection between Egypt and mainland Greece, via Crete, will reinforce national energy security by protecting the country from imported crises, such as the one raging over the past few months.
The project will also boost Greece’s geopolitical role in the eastern Mediterranean and southeast Europe, he added.
The two sides discussed the importance of the submarine power cable that will connect each country’s electricity grids.
Skrekas said this project is among the government’s top priorities and emphasized that Athens wants the necessary studies for the project to proceed rapidly.
The two sides also agreed to examine the possibility of adding the power interconnection to the list of EU Projects of Common Interest, as it will contribute to the EU’s energy autonomy.
Latest News
Fitch Solutions: Greece Set to Welcome 40 Million Tourists Annually by 2028
However, Fitch Solutions highlights concerns about overtourism, cautioning that it could strain Greece's capacity to deliver quality services, potentially leading to neglect of popular destinations
ELSTAT: Q1 Exports Down 11% – Trade Deficit Up 8.7%
Amid international uncertainty and armed conflicts in Gaza and Ukraine in 2023, Greek exports continued to decline, ending the year with an 8.5% drop
The Worst European Cities for Pickpocketing – Where is Athens?
The data was presented by London-based travel insurance company Quotezone
Greek Buyers Drive Vacation Home Market Resurgence
George Gavriilidis, CEO of the real estate consultancy Elxis highlights that Greek buyers are increasingly drawn to emerging locales.
INSETE: Air Data Tracker Sees Bookings up 8.4%
Of the 27,025,200 seats booked from March to October 2024, 80% have been confirmed
Titan Group Announces IPO For Its North American Subsidiary
Titan Group subsidiary Titan American will be listed in a New York stock exchange, with the details pending
McDonald’s in Greece Breaks New Records, Plans New Outlets
McDonald’s has finally won over consumers in Greece, reporting record gains and planning more outlets.
Vacant Properties in Greece Posing Risk of Forest Fires
Homeowners are calling on municipal authorities to clear away empty properties which pose a serious threat of fire in the summer
New ‘Jobmatch’ App to Link Greek Tourism Businesses with Jobseekers
New digital app ‘Jobmatch’ aims to help Greece’s tourism and hospitality sector fill hundreds of empty posts ahead of the tourism season
HSBC, Goldman Sachs Positive on Greek Economy
Goldman Sachs sees an upgrade of the Greek stock market