Greece is emerging as an energy hub for Europe and an important geopolitical factor, while the country is willing to support multiple interconnections to become a leader in energy supply in the region, said Andreas Borgeas, a former US Senator and currently the CEO of the Greece-Africa Power (GAP) Interconnector linking Greece and Egypt.
Speaking to an audience at an event organised by GAP, Borgeas said that according to the plan, the GAP electricity Interconnector will start from the Mesra Matruh region in Egypt and will end in Atheinolakos Crete. It will have a power of 2 GW, a budget of 1.3 billion euros and it is scheduled to be completed in 2030. The sector section of the project envisages the interconnection Crete-Attica (South Aegean Interconnector) with a budget of 1.5 billion euros. Borgeas said the project is about to be included in the list of projects of European interest PCI, which will facilitate licensing and funding.
He noted that there is interest from French and Egyptian companies to participate in the project.
