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. JERUSALEM (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. You may unsubscribe at any time using the link. I agree to receive your newsletters and accept the data privacy statement. Stavros Ioannides/PIO/Handout via REUTERS Chinese supply chains for critical infrastructure threaten the US power grid State and federal policymakers, utilities and other stakeholders must develop and implement effective strategies for. Greece has also agreed with Cyprus and Israel to build the world’s longest and deepest underwater power cable to link their grids at a cost of about 900 million, although Turkey is tightening ties with Israel now too. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.Cyprus Minister of Energy, Commerce and Industry, Natasa Pilides and Israeli Energy Minister Yuval Steinitz, and the Greek Minister of Environment and Energy, Kostas Skrekas participating via videoconference sign an agreement about the "EuroAsia Interconnector" Project at the Presidential Palace in Nicosia, Cyprus March 8, 2021. Grid-level energy storage is likely to dominate the conversation in the power industry in the coming years, just like renewable energy did in the past 2 decades. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. 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. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. All solar farms connect to a specific point on the electrical grid, the vast network of wires that connects every power generation plant to every home and. This is the best tl dr I could make, original reduced by 11. Greek power grid operator IPTO has started construction of the Crete-mainland part, seen concluding by 2023. The combined transmission and distribution network is part of electricity delivery, known as the power grid in North America, or just the grid. The project, called the Euro-Asia interconnector, will provide a back-up power source in times of emergency. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Substation Connect is an Alfen Connect module for power distribution automation, whereby operators gain insight into their electricity grid. Israel, Cyprus and Greece agree to link power grids via subsea cable. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. The new link, which will traverse the mountainous Mediterranean seabed, comes at a cost of approximately 900 million. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. The nations of Greece, Israel and Cyprus signed an initial agreement on Monday to build the world’s longest and deepest underwater power cable in an effort to link the electrical grids of the three nations.
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