NICOSIA: Cyprus, Israel and Greece on Monday signed an initial agreement on laying the world’s longest undersea power cable linking their electricity grids. 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.
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”.
It was a “major step forward” in integrating renewable energy sources, they said, without giving cost estimates.
Steinitz said it would allow Israel “to receive electricity backing from the power grids of the European continent in times of emergency and... significantly increase reliance on solar power generation”.
The project aims to connect the electricity grids of Israel, Cyprus, and Crete in Greece through a 2,000-megawatt undersea cable. The first phase is expected to be operational by 2025, linking the three countries to energy grids in Asia and Europe, said Pilides.
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