The Egyptian Electricity Transmission Company (EETC) has signed a cooperation agreement with UAE-based K&K Investment Company to conduct final studies for an electricity interconnection project between Egypt and Europe. The initiative aims to export Egypt’s surplus electricity, particularly from renewable sources, to the European continent through Italy.
The partnership was formalised in the presence of Prime Minister Mostafa Madbouly, who stated that the project aligns with the national strategy to optimise natural resource use. The Egyptian government aims to strengthen its energy integration with Europe, seen as a strategic market for its electricity surplus.
Export capacity could reach 3,000 megawatts
Minister of Electricity Mahmoud Esmat noted that the planned interconnection could carry up to 3,000 megawatts to Europe. He highlighted the importance of this infrastructure in leveraging national generation capacity, particularly that developed in the renewable energy sector.
According to the minister, the project also contributes to regional energy stability while reinforcing Egypt’s role as an energy hub linking Africa, the Middle East and Europe. The studies included in the agreement will focus on the technical, logistical and regulatory aspects of the route to Italy.
Increasing role of the private sector in regional electrification
The interconnection project is part of a broader effort to open Egypt’s energy sector to private capital. The minister stated that the involvement of an international player like K&K Investment Company reflects investor confidence in Egypt’s technical capabilities and regulatory environment.
The government is also continuing its work to diversify the national energy mix. This strategy includes a gradual reduction in reliance on fossil fuels, supported by an increased share of renewables in total electricity production. The agreement with K&K marks a decisive step in this direction.
