CYPRUS, ISRAEL, GREECE SIGN DEAL ON AN ELECTRIC CABLE LINK


09/03/2021




Aslıhan DOĞRU -TDO- Cyprus, Greece, and Israel signed an agreement on March 8th to build the world's longest and deepest underwater power transmission line, which is scheduled to be about $900m and will connect power grids across the Mediterranean seafloor.

Israeli Energy Minister Yuval Steinitz, who is in Nicosia, signed a memorandum of understanding with his counterparts and said the project, called the 'European-Asian Unifier', would provide a backup power source in case of emergency.

Cypriot Energy Minister Natasha Pilides said in a statement that the agreement is "a decisive step towards ending the island's energy isolation and therefore its dependence on hard, slow and costly heavy fuels to transfer".

According to the Israeli Energy Ministry, the cable's capacity will be in the range of 1,000-2,000 megawatts, the cable will be about 1,500 km long and a maximum depth of 2,700 meters, and will be completed by 2024.


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