The Memorandum of Understanding Memorandum (MOU) was signed today between the two -countries (ADMIE and EETC) transmission managers, as well as the interconnection body, Elica, for strategic importance, and for Europe,electric interconnection of the two countries.
According to the Ministry of Environment and Energy, the Memorandum of Understanding is another step towards the implementation of the emblematic project of Greece-Egypt Gregy, which is included in the works of common and mutual interest (PCI/PMI), as well as in the critical infrastructure projects of the Global Global Program. At the same time, the signing of the memorandum It launches the next phase of studies of the underwater interconnection.
The Minister of Environment and Energy, Stavros Papastavrou, said: “With the signing of the Trilateral Memorandum of Understanding today a decisive step has taken place for the promotion of the emblematic work of Gregy, the electrical interconnection of Greece -Egypt. It is a project of strategic importance for both countries, as well as for Europe. This interconnection is part of the broader strategy of Greece for new energy corridors to the north and south, in full alignment in the direction recently presented by the European Commission President, Ms. Ursula von der Laeen. With the project Gregy upgrade the geopolitical role of our country As an energy hub in Southeast Europe, energy security in the wider region is strengthened and the great potential of our bilateral relations are highlighted. “
ADMIE President and CEO Manos Manousakis said: “ADMIE, with today’s agreement, jointly provides the necessary technical support and the necessary data to ELICA with the Egyptian bond organization that develops the extremely important Greek-Egyptian electric interconnection project. Given the importance of interconnection for European energy goals, the manager actively supports and will consider his involvement in implementation. “
Finally, the CEO of the Copelouzos Group and Elica Interconnector SM SA, Yiannis Karydas, said: “The signing of the Trilateral Memorandum of Understanding (MOU) between our company ELICA, ADMIE and the EETC Egyptian System Operator is another important step in the Gregy project. The Memorandum sets the framework of cooperation of the three sides for the exchange of know -how and experience in the context and maturation of the definitive studies of the project and management of its technical parameters. The Gregy project, developed by the Kopelouzou Group, is a flagship project with significant benefits not only for the two countries, Greece and Egypt, but for the whole of Europe. It is a project that will contribute to green growth, carrying 100% green energy from Egypt to Greece, And part of it in Europe, at highly competitive prices, continuous flow, for the benefit of our country’s consumers, industry and economy. Gregy will also be an incentive to develop new and energy -efficient industrial and investment activities, contributing to the creation of a large number of direct and indirect jobs. The Gregy project also proves the friendship and the very close cooperation that exists today between Egypt and Greece. We accelerate the development of this flagship work and look forward, with the cooperation of the two managers in the context of the memorandum we signed today, in its even faster, technically integrated maturity. “