EU to Include Greece-Egypt Power Link on Mutual Interest List
- Move will help Gregy Interconnector get licensing and funding
- Link to transfer 3 GW of green energy from Egypt to Greece
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The European Union proposed to include a plan to link the power grids of Greece and Egypt on a list of so-called projects of mutual interest, a move that will help secure licensing and funding.
Elica SA, part of Greece’s Copelouzos Group, is project developer for the subsea link called the GREGY Interconnector. The list will be sent to the European Parliament and the European Council for ratification, Copelouzos said in a statement.