McDermott & Energy Group New Partners For 2GW Power Interconnection Project

MoU for cooperation on the two-gigawatt (2 GW) electrical interconnection.

The Greece-Africa Power (GAP) Interconnector project is a memorandum of understanding between Greece and Egypt.

According to the report, Eunice Energy Group is in charge of the international group between Greece and Egypt that is working on the GAP project. This project aims to improve energy security and stability in the region by making it easier to move clean energy between continents.

As part of the consortium, McDermott, a leader in engineering, procurement, construction, and installation (EPCI) for subsea and deepwater, will be providing engineering and construction guidance for the project.

The strategic energy goals of Greece are in line with American foreign policy, and GAP is a project that is in the national interests of both countries.

"This is an MOU of strategic importance at a time when Europe is working to ensure energy security," said Michael McKelvy, McDermott President and CEO.

"I am proud to join forces with Eunice Energy Group on the GAP project and help build the future of energy in the region."

Excited, George Kalavrouziotis, Eunice Energy Group CEO, added, "Eunice is thrilled to partner with an American industry leader like McDermott."

"The GAP Project is the leading electrical interconnection project in the East Mediterranean region. It is at the top of the list in terms of technical feasibility and regulatory approval."

According to him, the 2 GW interconnector will help Egypt export its surplus power to Europe and enable Greece to export its domestically produced green energy into the Balkans and Italy, thus contributing to Europe’s energy independence from Russia’s energy resources.