The Israeli ministry said that the European Union has recognised the cable as a “Project of Common Interest” and was willing to partly fund it. Steinitz said the cable “will allow us to receive electricity backing from the power grids of the European continent in times of emergency and more importantly will also support our ability to significantly increase reliance on solar power generation.” Egypt, Hamas agree to link electricity grids Hamas Prime Minister Ismail Haniyeh signs three-stage deal with Egypt to end Gazas energy crisis. The EuroAsia Interconnector 4 is a planned HVDC interconnector between the Greek, Cypriot, and Israeli power grids via the world's longest submarine power cable (310 kilometres (190 mi) from Israel to Cyprus and 898 kilometres (558 mi) from Cyprus to Greece, for a total of 1,208 kilometres (751 mi)). (MW) and is expected to be completed by 2024, according to Israel’s energy ministry. 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 cable to have ever been constructed, it said. Israel, Cyprus and Greece to link power grids via subsea cable. The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israel’s energy ministry. The project, called the Euro-Asia interconnector, will provide a back-up power source in times of emergency, said Israeli Energy Minister Yuval Steinitz, who was in Nicosia to sign a memorandum of understanding with his counterparts.Ĭypriot Energy Minister Natasa Pilides said it marked “a decisive step towards ending the island’s energy isolation, and consequently, our dependence on heavy fuels.” Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids. Cypriot Energy Minister Natasa Pilides said it marked 'a decisive step towards ending the islands energy isolation, and consequently, our dependence on heavy fuels.' 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.
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