Mr. Manousakis called it a new corridor for the exchange of clean energy between Europe and North Africa. electrical connection between Greece and Egypt and repeated that ADMI intends to participate and invest in this flagship project, for which he is collaborating with the Egyptian administrator of the EETC and the implementing body of ELICA, speaking yesterday at UN International Climate Conference COP27, in Sharm El Sheikh, Egypt. The new interconnection will connect North Africa to Europe via Greece and will provide a huge potential for the use of renewable energy. At the same time, it will be a great technical achievement, as it is planned to install a 500 kV DC cable with a total capacity of up to 3 GW to maximize the absorption of clean energy that will be produced in Egypt.

Creating smarter and more resilient electrical grids that can operate more safely in the face of increasing penetration of stochastic forms of energy and in more extreme conditions is part of the solution to climate change, Mr. Manousakis emphasized and referred to the projects that ADMIE is moving in this direction. . “Thanks to the operator’s domestic island and terrestrial connections, Greece’s electricity transmission system will more than double by 2030. These projects improve the quality of electricity supply in the Greek islands, reduce energy costs for all consumers and provide significant environmental benefits. Oil-fired power plants are being phased out on the islands, and by the end of the decade, CO2 emissions associated with electricity generation in the Aegean will be almost zero and will be reduced by 2.8 million tons per year compared to 2020,” he said. Mr. Manousakis also specifically mentioned the Greece-Cyprus-Israel interconnection project, noting that ADMIE offers expertise and intends to participate as a shareholder in the executive body of EuroAsia Interconnector. “This important project will create another energy corridor between Europe and the Middle East through Cyprus and Greece,” he stressed.