EBRD and Copelouzos Group sign agreement for Egypt-Greece electricity interconnector

File photo.

A assistance statement betwixt the European Bank for Reconstruction and Development (EBRD) and Elica Interconnector, a subordinate of the Copelouzos Group, for financing the archetypal studies of the Egypt-Greece Electricity Interconnection (GREGY) Project, was signed connected Wednesday successful Athens.

According to Elica, the GREGY Project interconnects the electrical powerfulness systems of Egypt and Europe done Greece for the transfer of 100% cleanable vigor produced from renewable vigor sources successful Egypt, capturing the high-capacity factors successful the area, which will beryllium used for depletion by Greek industry, for the accumulation of greenish H2 successful the state and for export to European countries.

The project, according to Elica, shows the strategic absorption successful which Europe indispensable determination today successful the discourse of its vigor independency from fossil fuels and Russian earthy gas, arsenic well arsenic the accomplishment of the goals for dealing with the clime crisis.