Egypt and Greece are about to sign a new agreement on electricity interconnection in Athens on Thursday, Bloomberg reported.
The deal will be signed between the Minister of Electricity Mohamed Shaker and the Greek Minister of Environment and Energy Costas Skrekas.
It would be the first electricity link between Europe, Africa, and the Southern Mediterranean region, according to Bloomberg.
In the same context, Bloomberg highlighted that Egypt initiated its talks with Greece and Cyprus a year ago for establishing a subsea cable that would link the three countries together, and it could help Egypt to sell and provide Europe with electricity.
The new agreement will contribute to enhancing the cooperation between the two countries in the field of energy and electricity, in addition, it would enhance the region’s supplies and demands of electricity. It will also strengthen Egypt’s stand as an energy hub, especially, in the light of the latest natural gas-related projects upgrading.