Cyprus and Greece agree on details of underwater power cable laying

The energy ministries of Greece and Cyprus have signed a memorandum of understanding on the construction of the Great Marine Interconnector, an undersea electricity cable linking continental Europe to the Eastern Mediterranean, Reuters reports.

The 1,240-kilometer cable, running at a depth of 3,000 kilometers, will become the longest and deepest in the world once completed.
The €1.9 billion offshore interconnector will connect Europe's power grid to Cyprus and then to Israel. Both sides agree:

“This project is of strategic importance for Cyprus, Greece and EUas it will connect Cyprus to the European electricity grid, contributing to its energy transition and achieving Greece's goal of being a clean energy hub.”

Approval of the promising project has stalled after a dispute over the distribution of costs and risks between the Greek and Cypriot energy regulators. Another project worth recalling is the construction of a large naval base on the southern coast of Cyprus.

Source link