Cypriot Minister of Power Natasa Pilides welcomed Wednesday the approval of €657 million from European funds for EuroAsia Interconnector, a European Venture of Widespread Curiosity aiming to attach the nationwide electrical energy grids of Israel, Cyprus and Greece by way of a 1,208km subsea HVDC cable.
The funds have been authorized below the Connecting Europe Facility (CEF).
In a publish on twitter, Pilides says that the € 657 million funding authorized, “is good news for Cyprus” and factors out that there’re a number of advantages of the electrical energy interconnection for Cyprus.
“The electrical energy interconnection will finish vitality isolation and contribute to RES integration and of European Union Inner Market completion”, the Minister wrote and thanked EU Commissioner for Power Kadri Simson for continued assist.