File Photo: Egyptian Foreign Minister Sameh Shoukry. Reuters
FM Shoukry will discuss in his meetings with the two top Greek officials ways to strengthen cooperation and political consultations on regional and international issues between the two countries, read a statement released by the Egyptian Ministry of Foreign Affairs on Monday.
While in Greece, Shoukry will also meet with the CEO of the Copelouzos Group Dimitrios Copelouzos to follow up on the progress in the implementation of the electricity interconnection project between Egypt and Greece, added the statement.
ELICA SA, a company of the Copelouzos Group, is developing the 3.5 billion euro project of the electricity interconnection Egypt-Greece (GREGY), which aims to transfer electricity produced from renewable energy sources in Egypt to Europe via Greece through a mega undersea energy interconnection cable.
The cable that will transfer 3,000 MW of green energy generated from 9.5 GW of renewable energy sources from Egypt to Greece to replace 4.5 billion cubic metres of natural gas per year and cut carbon emissions by 10 million tons annually.
Egypt aims to generate 42 percent of its electricity from renewable energy sources as part of the country’s plans to move toward a greener economy under its Vision 2030.