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ASO Subsea partners with GAP consortium for crucial Greece-Egypt interconnection

Treadmill, Accident, Jeremy Renner, ASO Subsea, GAP consortium, Greece-Egypt electricity interconnection, subsea cable installation, renewable energy
Mirror7
ASO Subsea partners with GAP consortium for crucial Greece-Egypt interconnection

ASO Subsea partners with GAP consortium for crucial Greece-Egypt interconnection

The energy sector is evolving, and the need for interconnectivity is becoming increasingly vital. In this regard, ASO Subsea has partnered with the GAP consortium to connect Greece and Egypt's electricity grids. This interconnection project will have a significant impact on the energy sector and economy of both countries. In this article, we will explore the partnership between ASO Subsea and the GAP consortium and its potential impact on the energy industry.

Greece and Egypt's Electricity Interconnection Project

The Greece-Egypt electricity interconnection project aims to link the electricity grids of the two countries. The project will involve the installation of a subsea cable that will run from Crete, Greece, to the Egyptian coast. The interconnection will have a capacity of 2000MW, which will be enough to power two million households. The project's estimated cost is €1.5 billion, and it is expected to be completed by 2023.

ASO Subsea's Involvement

ASO Subsea, a Norwegian engineering firm, has partnered with the GAP consortium to carry out the project. The GAP consortium comprises Egypt's state-run Electricity Holding Company and Greece's Public Power Corporation. The consortium is responsible for the development, construction, and operation of the project.

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ASO Subsea's role in the project is to design and install the subsea cable that will connect the two countries' electricity grids. The company has extensive experience in the subsea cable installation industry and has worked on several similar projects in the past.

The Benefits of the Greece-Egypt Electricity Interconnection Project

The Greece-Egypt electricity interconnection project will have several benefits for both countries. Firstly, the project will help reduce both countries' dependence on fossil fuels and promote the use of renewable energy sources. The interconnection will enable the two countries to share their energy resources, thus reducing their reliance on non-renewable energy sources.

Secondly, the interconnection will increase energy security for both countries. The interconnection will allow both countries to access energy from each other, which will be beneficial during times of energy shortage or crisis.

Thirdly, the project will have a positive impact on the economy of both countries. The project will create job opportunities during the construction phase and will also promote economic growth in the long run.

ASO Subsea's partnership with the GAP consortium for the Greece-Egypt electricity interconnection project is a significant step towards promoting renewable energy and increasing energy security. The project will have a significant impact on the energy industry and economy of both countries. The interconnection will enable both countries to share their energy resources, promote the use of renewable energy sources, and reduce their dependence on non-renewable energy sources. ASO Subsea's experience in the subsea cable installation industry makes them a valuable partner for the GAP consortium. The project's completion in 2023 will mark a significant milestone in the energy sector, and it will be interesting to see the impact it has on both countries' energy policies.

Keywords: ASO Subsea, GAP consortium, Greece-Egypt electricity interconnection, subsea cable installation, renewable energy, energy security, economic growth.

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