Construction of cable connecting power grids of Greece and Cyprus set to start next year

Construction of a €1.9 billion-euro section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, officials said Thursday.

An eventual extension of the renamed Great Sea Interconnector is planned to connect Israel's power grid as well.

Manousos Manousakis, president and chief executive officer of Greece's Independent Power Transmission Operator (IPTO), told reporters that contracts also are expected to be signed with technology company Siemens next year for the construction of converter stations on the island of Crete and in Cyprus that are key to the flow of electricity through the cable.

The Crete-Cyprus section of the Mediterranean Sea cable should be ready by 2029 at the latest, Cyprus Energy Minister George Papanastasiou said.

Technical talks on moving ahead with the Cyprus-Israel section...

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