Following completion of the technical feasibility studies, tenders will be launched equally between Egypt and Greece to determine which suppliers will carry out the interconnection process.
The shortlist of consultancy firms includes multinational electric utility company, Électricité de France; global consultancy group, Elia Grid International; technical consulting company, CESI; risk management company, DNV GL; independent engineering and consultancy company, Lahmeyer International; and global engineering consultancy company, ESB International, as well as four additional firms from Greece, Belgium, China, and the U.S.
The Greece-Egypt electricity interconnection project serves as part of the wider $4 billion EuroAfrica Interconnector project, which will act as an energy highway bridging Africa and Europe. The cross-border, submarine power cable will have the capacity to transmit 3 GW of electricity between the two continents.
Following the signing of a Memorandum of Understanding in October 2021, completion of the interconnector project is expected by 2024, with operations poised to commence in 2025.