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Egypt and Italy discussed accelerating the implementation of the 3,000 MW electricity interconnection project to enhance cooperation in the energy sector between the two countries. The two sides reviewed the project's progress and related studies as they prepare to proceed with actual execution. The project underscores Egypt's position as a regional hub for energy exchange and support for the transfer of clean electricity between Africa, Europe, and Asia. It includes a plan to increase the share of renewable energy to 45% by 2028 and to expand private sector participation in energy projects. Additionally, the talks addressed opportunities to boost Italian investments in localizing the electrical equipment industry and technology transfer, with Italy supporting the Egyptian connection to European and Gulf networks and strengthening regional energy integration.
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