As a major milepost in bilateral cooperation, Greek Prime Minister Kyriakos Mitsotakis and Egyptian President Abdel Fattah el-Sissi on Wednesday reaffirmed their commitment to a proposed undersea electricity connection aimed at transporting renewable energy from North Africa to Europe.
The project, which involves laying a 3,000 megawatt capacity cable nearly 1,000 kilometers across the eastern Mediterranean, is positioned to become a cornerstone of regional energy strategy. Backed by the European Union, the cable will make renewable power, mostly wind and solar energy, generated in Egypt accessible to European markets.
“This will allow both Greece and Europe to import low-cost energy—primarily wind energy, which you are able to produce very competitively and export it to Europe,” Mitsotakis said during joint statements in Athens.
The estimated €4 billion initiative is expected to be completed within five years. President el-Sissi emphasized its geopolitical importance, noting, “It’s not just a bilateral matter—it’s a strategic regional project, as it creates a direct link that will extend to Europe via Greece. We count on the European Union’s support for this major initiative.”
