Cyprus-Egypt electricity framework agreement signed
OK call me cynical BUT how much is this going to add to our bills?
You can be sure it is us who will be paying.
Cyprus-Egypt electricity framework agreement signed
A framework agreement has been signed in Cairo for the construction and commissioning of the EuroAfrica Interconnector which will link the electricity networks of Egypt and Cyprus, it was announced on Thursday.
The agreement was signed by EuroAfrica Interconnector CEO Nasos Ktorides and Sabah Mohamed Mashal, head of the Egyptian Electricity Transmission Company.
The agreement follows the conclusion of viability studies conducted by the EuroAfrica Interconnector which showed the benefits of the project, as well as its maturity, allowing it to enter the implementation stage.
It provides for the development of an electricity interconnection with the use of subsea high-voltage direct current (HVDC) cables with the capacity to transmit 2,000MW.
The agreement provides for the interconnection to be completed in two phases, the first being for the transmission capacity of 1,000MW which will be implemented within the timeframes and assurances provided to Egyptian President Abdel Fattah el-Sisi.
Full story here:-
https://cyprus-mail.com/2019/05/23/cyprus-egypt-electricity-framework-agreement-signed/