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rdf:type	schema:NewsArticle
schema:articleBody	Cyprus, Israel and Greece on Monday signed an initial agreement on laying the world's longest undersea power cable linking their electricity grids. The memorandum of understanding on the 1,200-kilometre (745-mile) EuroAsia Interconnector was signed in Nicosia by Cyprus Energy Minister Natasa Pilides and her Israeli counterpart Yuval Steinitz, while Greece's Kostas Skrekas joined them by videoconference. The three ministers, in a joint statement, said they agreed "to promote cooperation to examine the possibility of planning, as well as the potential development and implementation of the project". It was a "major step forward" in integrating renewable energy sources, they said, without giving cost estimates. Steinitz said it would allow Israel "to receive electricity backing from the power grids of the European continent in times of emergency and... significantly increase reliance on solar power generation". The project aims to connect the electricity grids of Israel, Cyprus, and Crete in Greece through a 2,000-megawatt undersea cable. The first phase is expected to be operational by 2025, linking the three countries to energy grids in Asia and Europe, said Pilides. The European Commission had acknowledged it as a key "Project of Common Interest", making it eligible for EU financing. The power cable would boost "energy security" for Europe and end the isolation of Cyprus as the only non-interconnected EU member state. Israel, Greece and Cyprus have forged a regional alliance based on energy as the three countries also aim to explore and exploit natural gas resources. cc/hc/pjm
schema:headline	Cyprus, Israel, Greece to link electricity grids
schema:mentions	Videotelephony Energy security Cyprus European Commission Natural gas Renewable energy Solar power Asia Greece Watt Israel European Union EuroAsia Interconnector Submarine power cable Wilhelm Steinitz Submarine communications cable Yuval Steinitz Electric power transmission Crete Nicosia Energy industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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