Cyprus, Israel and Greece sign agreement on electric cable connection | Business News

Cyprus, Israel and Greece sign agreement on electric cable connection |  Business News

NICOSIA, Cyprus (AP) – Plans to connect Israel, Cyprus and Greece with a 2,000 megawatt submarine power cable reached a milestone on Monday, when the three countries signed an agreement to speed up work techniques on the project.

Cypriot Energy Minister Natasa Pilides on Monday held a ceremony in Nicosia, the capital, in the presence of her Israeli counterpart Yuval Steinitz and Greek Minister Kostas Krekas. via online link.

Pilides said that with the signing of the MoU, the three ministers agreed on the need to expedite permits and approvals to conduct feasibility studies and coordinate with their respective national electricity regulators on the best way to do it.

Pilides said the agreement strengthens cooperation “by supporting the planning, the potential …

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