Israel and Cyprus launched a joint feasibility study on Sunday, focused on the construction of an underwater power cable between the two countries.
According to the Cyprus Mail, the project aims to boost the two nation’s energy security, as well as offer Israel a way to export energy to Europe.
The project is estimated at $660 million, and would eventually become a part of a much longer cable, stretching into Greece and from there to the pan-European electricity grid, the report said. Continue Reading »