Egypt and Greece plan 3GW electricity interconnection by 2031

Cairo plans to launch a 3GW electricity interconnection linking Egypt and Greece by 2031, according to reports from Bloomberg Asharq. The project involves a subsea cable across the Eastern Mediterranean with an estimated investment cost ranging between €3 billion and €4 billion. Greek consulting firm Geotek has already finalized the project's financial assessment, while environmental studies and route surveys are slated for completion by May 2028.

The Copelouzos Group, serving as the lead developer, intends to initiate project tenders in early 2028. Provided that necessary financing and final regulatory approvals are secured, construction work is expected to commence by mid-2028. This infrastructure aims to facilitate the export of Egyptian renewable energy to the European grid. In addition to this project, Egypt is advancing similar electrical interconnections with Cyprus, Saudi Arabia, and Jordan, the latter of which could eventually support energy distribution to Iraq, Syria, and Lebanon.