Financial Other

During Cairo Sustainable Energy Week, Egyptian Ministry of Electricity sources outlined the proposed financing model for the 3 GW, ~2,800 km Green Vein Egypt–Italy HVDC interconnector linking West Sohag to the Dolo substation near Venice, stating that Italy will cover the start-up costs of the interconnection while the Egyptian Electricity Transmission Company will earn revenue from the electricity transmission tariffs under the project. This cost-allocation approach is presented as a way to ensure the economic viability of the corridor while limiting Egypt’s upfront financial burden.