Egypt's Electricity Transmission Company inked a memorandum of understanding (MoU) with a Norwegian leading renewable energy company Scatec ASA, to launch a power linkage project between Egypt and Europe.
The MoU was co-signed by EETC Board Chairperson Sabah Mashaly and Scatec CEO Terje Pilskog. It will facilitate renewable energy exporting in the country.
The signing ceremony was attended byPrime Minister Mostafa Madbouli, Minister of Electricity and Renewable Energy Mohamed Shaker and Norwegian Ambassador to Egypt Hilde Klemetsdal.
In statements following the signing, Shaker said that the MoU is part of efforts aimed at supporting and boosting vistas of co-operation between Egypt and EU, with special focus on the energy field and renewable energy in particular.
He continued: "The MoU is mainly contributing to cooperating and coordinating in exporting electrical energy to Europe via Italy"
On his part, Pilskog said Scatec company will lead activities to carry out the project and will be in charge of getting the funding from international finance institutions to fulfill the project.
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