The MoU was signed by Sabah Mashaly, Chairperson and Managing Director of the EETC, and Terje Pilskog, CEO of Scatec ASA. Minister of Electricity and Renewable Energy Mohamed Shaker stated that the MoU supports and strengthens cooperation frameworks between Egypt and the European Union, especially in the field of energy in general and renewable energy in particular. It also contributes to cooperation and coordination with regard to exporting electric energy to Europe through Italy. Sabah Mashali said that the scope of the MoU includes cooperation to start conducting studies in preparation for the implementation of a project to export renewable energy to Europe via Italy, using a marine interconnection line with a capacity of not less than 3 gigawatts. In addition to all necessary infrastructure elements, as well as determining the route of the submarine cable required for the project and the best method for its implementation within the framework of compliance with performance standards related to environmental and social sustainability.
