# Saudi Arabia and Greece form joint venture to link power grids

Saudi Arabia signed a deal with Greece to establish Saudi Greek Interconnection, a jointly-owned company to link the two countries' power grids for supplying Europe with clean energy. The joint venture is owned 50% by Greece's IPTO and 50% by Saudi Arabia's National Grid.

- Type: Partnership
- Announced: 2023-09-27
- Status: announced
- Products: power grid interconnection, clean energy transmission
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [National Grid Saudi Arabia](https://endata.com/companies/19659.md) (partner)
- [IPTO](https://endata.com/companies/39557.md) (partner)

## Sources

- [energynewsafrica.com](https://energynewsafrica.com/saudi-arabia-forms-joint-venture-with-greece-to-link-power-grids/), 2023-09-27: "Saudi Arabia has signed a deal with Greece for the establishment of a jointly-owned company to link up the two countries' power grids"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.