Egypt to export electricity to Europe in 2019

CAIRO – 31 December 2018: Officials in the Egyptian Ministry of electricity and renewable energy revealed details of Egypt’s plans to export its electricity surplus to Europe, the plans are set to be executed in cooperation with Cypriot government.

The sources pointed out that the electrical interconnector is designed to deliver 3000 MW of high voltage direct current power, adding that the interconnection point is located in Egypt 100 KM west of Damietta.

Egypt and Cyprus agreed through the Ministry of Electricity in both countries to assign the project to Africa International Euro Company within the budget of 1.5 billion US dollars, said the officials.

Egyptian officials at the Ministry of electricity are set to meet with their Cypriot counterparts in January to discuss the project, which is expected to start in 2019.

Egyptian President Abdel Fatah al Sisi and Cypriot President Nicos Anastasiades will sign the final contracts of the projects before the mid of 2019.

Africa International Euro conducted a feasibility study for the project that will turn Egypt into a center of energy for three continents.