officials declared it as not viable.īut it may have gotten a second wind in the wake of Russia’s invasion of Ukraine last year that compelled Europe to scramble for alternative sources of energy.Ĭohen added that Israel would also boost military cooperation through joint military exercises and arms procurements, while information sharing between the three countries’ intelligence agencies would “remain for the stability of our region.”Ĭyprus will host a meeting of the three countries’ leaders later this year. The European Union has earmarked 657 million euros (736 million) for the construction of a a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday. The project has in recent years fallen in and out of favor with planners after U.S. ATHENS, July 3 (Reuters) - Greece on Saturday linked the island of Crete to the power grid of the Peloponnese peninsula via an undersea cable, a major step in the countrys drive to cut. The project, called the Euro-Asia interconnector, will. Specifically, the power cable will be laid over three sections: About 310 km between Israel and Cyprus, about 900 km between Cyprus and Crete, and about 310 additional kilometres between Crete and. In January, the newspaper reported India and the UAE announced plans to conduct a feasibility study for linking their power grids via undersea cables as part of the One Sun One World One Grid (OSOWOG) initiative.Israeli Foreign Minister Eli Cohen said his country attaches “special importance” to renewable energy.įunding for about a third of the EurAsia Interconnector’s 1.6 billion euro ($1.74 billion) price tag will come from the EU’s Connecting Europe Facility, which bankrolls infrastructure projects.įeasibility studies on the proposed 1,900-kilometer (1,300-mile), $6 billion EastMed pipeline are still ongoing. An anonymous reader quotes a report from Reuters: 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. By: JNS - MaIsrael, Cyprus and Greece on Monday signed a memorandum of understanding regarding a project to link their power grids via the construction of the world’s longest and deepest undersea power cable. On the other hand, an interconnection with Saudi Arabia is under review, with the cabinet note being circulated, Singh stated. The cabinet note has been circulated for the interconnection agreement, followed by preparing a detailed project report and seeking bids. “The India-UAE agreement is in the final stages,” the minister said. Once approved by the cabinet, bilateral agreements will be signed with Saudi Arabia and the UAE for the mega projects, Raj Kumar Singh, Union minister for power and new and renewable energy, told Mint, India’s financial newspaper. 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 mammoth Leviathan natural gas pipeline-in-progress. India’s power ministry has circulated cabinet notes for inter-ministerial consultation to expand access to reliable power and enhance the country’s energy security. Israel, Cyprus and Greece agree to link power grids via subsea cable. India is planning to link its power grid with the UAE and Saudi Arabia through undersea cables, a local media reported.
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