EuroAfrica Interconnector

The management of the Greek Independent Power Transmission Operator (ADMIE) will visit Cyprus on Tuesday for contacts with Cypriot and Israeli authorities over the electricity interconnection between Cyprus, Greece and Israel, called the "Great Sea Interconnector." 

Greek Prime Minister Kyriakos Mitsotakis expressed satisfaction with the upgrade of European Union relations with Egypt to a Comprehensive and Strategic Partnership, according to government sources commenting on the meeting, in Cairo, with Egyptian President Abdel Fattah al-Sisi on Sunday.

Cyprus is considering participating in the ambitious Great Sea Interconnector project, formerly known as EuroAsia, according to statements from government officials. The proposal, jointly submitted by the ministers of energy, commerce and industry, George Papanastasiou, and finance, Makis Keravnos, signals Cyprus' readiness to join forces with Israel and Greece in the massive project.

Greece is on the "front line of energy-related investments," Deputy Energy Minister Alexandra Sdoukou said at the Greek House Davos Forum in Switzerland on Monday.

The Bulgaria-Greece gas interconnector project marks a successful year of operation, transporting over 15.5 million MWh in 2023 without any disruption, reported IGB.

Construction of a €1.9 billion-euro section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, officials said Thursday.

An eventual extension of the renamed Great Sea Interconnector is planned to connect Israel's power grid as well.

The European Commission's Directorate-General for Energy (DG Energy) has announced that it has been proposed that the power interconnector planned by Greece and Egypt, dubbed GREGY, be included in the European Union's list of Projects of Mutual Interest (PMI).

The list is expected to be endorsed by the European Parliament and the European Council within the next two months.

Nexans said on Wednesday it has won a contract worth 1.43 billion euros for the section of the EuroAsia Interconnector that will connect Greece and Cyprus.

Subsea cables will be manufactured at Nexans' facilities in Halden in Norway and Futtsu in Japan.

Copelouzos Group, through its subsidiary companies Damco Energy and Elica Mediterranean Interconnection, and Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt's Infinity, have signed a memorandum of understanding in order to access, on a non-exclusive basis, the possibility of jointly developing renewable energy projects that will provide the GREGY power

Greece is emerging as an energy hub for Europe and an important geopolitical actor, while the country is willing to support multiple interconnections to become a leader in energy supply in the region, said Andreas Borgeas, a former California state senator and currently the CEO of the Greece-Africa Power (GAP) Interconnector linking Greece and Egypt.