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16-10-2021 12:31

Joint Statement of the Ministers of Energy of Cyprus and Electricity of Egypt on the occasion of the signing of the Memorandum of Understanding on Cooperation in relation to Electricity Cross-Border Interconnection between Cyprus and Egypt

The Minister of Energy, Commerce and Industry of the Republic of Cyprus, Ms Natasa Pilides, and the Minister of Electricity and Renewable Energy of the Arab Republic of Egypt, Dr Mohamed Shaker El - Markabi, met today, Saturday October 16th 2021, and signed a Memorandum of Understanding (MoU) on cooperation in relation to Electricity Cross-Border Interconnection between Cyprus and Egypt Transmission Networks.

The two Ministries, in recognising that the cross-border Electricity Interconnection of the transmissions networks of the two countries represents an important component of the ongoing strong relations and strategic cooperation between them, view this Interconnection as a major step forward for providing the necessary synergies that will facilitate the integration of additional renewable energy sources in their respective electricity and primary energy supply mixes.

In this context, the Ministers agree to establish a general framework of cooperation to enable the planning, permitting, development and implementation of the Electricity Interconnection. Inter alia, such cooperation will involve facilitating the timely granting of permits and approvals, both for carrying out all necessary studies on the technical and economic levels and for implementation of the interconnection, the discussions and coordination between Regulatory Authorities and Electricity Transmission System Operators and coordination of appropriate measures to ensure the safety and security of the Electricity Interconnection.

To review and monitor the implementation of the MoU, regular meetings will be held by the Ministers or their representatives.