Presidential Spokesperson Ambassador Mohamed El-Shenawy stated that the President underscored Egypt's commitment to boosting cooperation with the Greek group in producing electricity from new and renewable sources for potential transfer to Europe via the electrical interconnection project between the two nations. He highlighted the strategic significance Egypt assigns to this project as a cornerstone of European energy security originating from Egypt, aligning with the comprehensive strategic partnership between Egypt and the European Union.
The President also affirmed strong Egyptian and Greek
political and governmental support for advancing the project's phases,
particularly following its inclusion as a European Union Project of Common
Interest and Mutual Benefit. This necessitates intensified joint efforts by
relevant entities in both countries to finalize feasibility studies and proceed
with implementation.
The spokesperson further noted that the meeting emphasized leveraging Egypt's modern electricity infrastructure developed over the past decade and its unique natural resources. These factors position Egypt as a potential global leader in new and renewable energy production, especially wind and solar power, thereby strengthening its role as a regional energy trading hub.