Greece is in embarking on one of Europe’s most ambitious energy projects by linking up its electricity grid with Egypt’s.
An underwater cable will carry 3,000 MW of electricity – enough to power up to 450,000 households – and will run from northern Egypt directly to Attica in Greece.
The project is being undertaken by the Copelouzos Group, whose management met last week with the Egyptian leaders to speed up the process.
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As oil and gas prices surge, Europe is facing a looming energy crisis. Russia was the largest supplier of oil and gas to the bloc in 2021 providing around 40 per cent of its total energy needs.
But, after the invasion of Ukraine and the imposition of sanctions, energy prices have surged leaving some nations unsure of their supplies this winter.
Read more: Euronews