An historic framework agreement was signed in Cairo on Wednesday for the construction and commissioning of the EuroAfrica Interconnector which will interconnect the electricity networks of Egypt and Cyprus by the project promoter, EuroAfrica Interconnector Limited, the Cyprus News Agency reports.
The signed 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.
According to a press release, the agreement was signed in the main hall of the Council of Ministers of Egypt by EuroAfrica Interconnector CEO Nasos Ktorides and Sabah Mohamed Mashal, Chairperson of the Egyptian Electricity Transmission Company.
Source: Gold News Cyprus
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