![]() Israel, Greece and Cyprus have forged a regional alliance based on energy as the three countries also aim to explore and exploit natural gas resources. The power cable would boost "energy security" for Europe and end the isolation of Cyprus as the only non-interconnected EU member state. Israel, Cyprus and Greece agree to link power grids via subsea cable With a length of about 1,500 km and a maximum depth of 2,700 metres, it will be the longest and deepest subsea electricity. EuroAsia Enterconnecte Project is designed by EU which is an interconnector between Greek, Cypriot, and Egypt power grids via submarine power cable. The European Commission had acknowledged it as a key "Project of Common Interest", making it eligible for EU financing. The first phase is expected to be operational by 2025, linking the three countries to energy grids in Asia and Europe, said Pilides. ![]() The project aims to connect the electricity grids of Israel, Cyprus, and Crete in Greece through a 2,000-megawatt undersea cable. ![]() significantly increase reliance on solar power generation". Steinitz said it would allow Israel "to receive electricity backing from the power grids of the European continent in times of emergency and. The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israels energy ministry. It was a "major step forward" in integrating renewable energy sources, they said, without giving cost estimates. The three ministers, in a joint statement, said they agreed "to promote cooperation to examine the possibility of planning, as well as the potential development and implementation of the project". The memorandum of understanding on the 1,200-kilometre (745-mile) EuroAsia Interconnector was signed in Nicosia by Cyprus Energy Minister Natasa Pilides and her Israeli counterpart Yuval Steinitz, while Greece’s Kostas Skrekas joined them by videoconference. ( MENAFN- AFP) Cyprus, Israel and Greece on Monday signed an initial agreement on laying the world's longest undersea power cable linking their electricity grids. ![]()
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