The GAP Consortium and Asso.subsea announce the signing of a Memorandum of Understanding (MoU) for cooperation on the two-gigawatt (2 GW) electrical interconnection between Greece and Egypt (Greece-Africa Power Interconnector – GAP).

The GAP, founded by the Eunice Energy Group, is leading the transnational consortium between Greece and Egypt that aims to contribute to regional energy security and stability by facilitating intercontinental clean energy transfer. As part of the consortium, Asso.subsea, a leader in submarine cable installation, protection, repair and support operations, that has established a constantly updated long track record of participations in worldwide projects, will be providing expertise in design and construction guidance for the project.

Andreas Borgeas, Greece-Africa Power (GAP) CEO said: “This is a partnership that significantly strengthens the international consortium for the construction of GAP. The memorandum of understanding (MoU) between Asso.subsea and the Consortium is a step further to ensure energy independence for Greece and Europe.”

Alexandros Tziotakis, General Manager of Αsso.Subsea Limited added: “We are delighted with the opportunity to work with the GAP Consortium and to contribute together to the effective implementation of a critical infrastructure for the wider region. The subsea interconnector is considered as of vital importance for the Greek and European energy market.”

Asso.subsea is a subsea utilities’ installation contractor offering offshore solutions on a worldwide basis with more than 40 years of experience in the offshore industry market. It is the technical and engineering division of the Greek-owned ASSO Group of Companies. The latter wholly owns a fleet of specialized in offshore works vessels and equipment and a technical base in Attica, Greece with an in-house R&D for the design and production of tools. The ASSO Group of Companies provides for an in-house engineering offering tailor-made solutions as well as specialized personnel for the offshore execution and support during operations. Asso.subsea with a plan for major investments in assets and manpower is a key player in the offshore energy market aiming to a continuously increased capacity and capabilities.