• The European Commission approved €9.6 million to fund new preparatory studies for the Egypt–Greece GREGY interconnection.

• The GREGY project plans a 3,000-MW subsea power cable spanning about 950 kilometers.

• The project aims to transmit renewable electricity generated in Egypt to Greece and the EU market.

The European Commission announced on Tuesday, January 28, that it will allocate €9.6 million to finance additional studies related to the GREGY electricity interconnection project between Egypt and Greece. The Commission mobilized the funding under the Connecting Europe Facility and earmarked it for advanced preparatory work, including technical studies and seabed mapping, confirming gradual progress on the project.

The Copelouzos Group develops the GREGY project through its subsidiary Elica Interconnector in partnership with Greece’s transmission system operator IPTO and the Egyptian Electricity Transmission Company. The project aims to link the power grids of Egypt and Greece through a subsea cable.

Project sponsors stated that the planned interconnection cable would carry a transmission capacity of 3,000 megawatts and extend over approximately 950 kilometers. The project plans to transmit electricity generated from renewable energy facilities developed in Egypt.

The project forms part of a broader push to expand electricity interconnections between North Africa and Europe, which the European Union supports as part of its strategy to enhance energy security and reduce carbon emissions. Other regional projects remain under development, including the ELMED interconnection between Tunisia and Italy, which also receives partial funding from European financial instruments.

This article was initially published in French by Abdoullahi Diop

Adapted in English by Ange J.A de BERRY