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FACTDROP: Energy company plans Greece, Cyprus, Israel cable link to convey gas-generated electricity
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1/23/2012

Energy company plans Greece, Cyprus, Israel cable link to convey gas-generated electricity


Πηγή: Washington Post
By AP
Jan 23 2012

NICOSIA, Cyprus — A Cyprus-based company says it’s planning to lay a 2,000 megawatt undersea electricity cable linking Israel, Cyprus and Greece.

Quantum Energy official George Killas told The Associated Press Monday that the cable aims to relay electricity to Greece and the rest of Europe that will be generated from Cypriot and Israeli natural gas deposits recently discovered in the eastern Mediterranean between the two countries.

Killas said the company, whose main shareholders include Greece’s state-run Public Power Corporation, hope to start the €1.5 billion ($1.9 billion) project early next year following approval from Israeli, Cypriot and Greek authorities.

The 998-kilometer (620-mile) cable that will reach a maximum depth of 2,000 meters (6,562 feet) will take around 3 years to complete.


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