Egypt seeks to establish power interconnection with Europe to export electricity to European countries, Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker said Tuesday.
Shaker made the remarks during a meeting with Gordon Dickie, chairman of IM Power, to discuss ways to boost cooperation between the Egyptian energy sector and the British company, the Egyptian Ministry of Electricity and Renewable Energy said in a statement.
Shaker said Egypt, which aspires to become “a regional energy hub,” is ready to cooperate with European partners to build a power linkage line with Europe.
The minister welcomed cooperation with the British company in renewable energy projects, especially wind and solar energy, as well as green hydrogen, and the localization of related industries in Egypt.
He added that Egypt aims to increase renewable energy’s contribution to the country’s total power generation to at least 42 percent by 2030.
Egypt already has electricity interconnection lines with Jordan, Sudan, and Libya and is studying similar projects with Saudi Arabia, Greece, Cyprus, and Italy.