Greece-Africa Power Interconnector to be listed among European Projects of Common Interest

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.

Speaking to an audience at an event organized by GAP, Borgeas said that according to the plan, the GAP Interconnector will start from Mersa Matruh on the Egyptian coast and end at Atheinolakos on Crete.

It will have a total capacity of 2 GW, a budget of 1.3 billion euros and is scheduled to be completed in 2030. The second section of the project envisages the Crete-Attica interconnection (South Aegean Interconnector) with a budget of €1.5 billion.

Borgeas said the project is set to be listed among the European Projects of Common Interest (PCI), which will facilitate licensing and funding.

He noted that there is interest from French and Egyptian companies to participate in the project.
 

Picture: [ALEXANDROS AVRAMIDIS/REUTERS]