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By: JNS - March 9, 2021
Israel, Cyprus and Greece on Monday signed a memorandum of understanding regarding a project to link their power grids via the construction of the world’s longest and deepest undersea power cable.
The project, called the “Euro-Asia Interconnector,” will help Israel build on more options for renewable energy, contribute to energy security and reduce energy prices, said Israeli Energy Minister Yuval Steinitz at the signing ceremony in Nicosia.
Steinitz called the MoU “great news for the citizens of Israel,” according to a ministry statement.
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