The interconnector will send more than 2GW of power via the undersea power cable, which will be about 1,000 kilometres in length. This means the interconnector will be the longest in Europe, with the current longest connecting Denmark in Britain with a length of 765 kilometres.
In some parts of the cable route, the water will be 3000 metres deep.
Marine contractors Jan de nul has been hired to install the cable And says it will now carry out a financial and technical study. The company also has to find partners who can help with connections to existing grids in Europe.
At the signing ceremony the Egyptian Electricity Transmission Company represented the Egyptian government.
The project will probably require the company to use its cable-laying vessel Fleeming Jenkin, which was ordered this year.
The vessel can carry 28,000 tonnes of cable, which is twice that of any other cable-laying vessel currently available. It can also install cables in very deep water.
“Egypt recognises our expertise to install ever longer export cables on and in the seabed,” said Jan De Nul Offshore Energy director Philippe Hutse. “We are building this ship for exactly this type of project: long distances, great depths.”
The project is due to begin in 2027.