Israeli Energy and Water Minister Uzi Landau has instructed the Israel Electric Corp. to advance a project that would connect the country to the European power grid by way of Cyprus and Greece. Officials of the state-owned power company are set to sign an agreement soon with DEI-Quantum Energy—an entity owned by Greece's largest utility, a Cypriot bank and private investors—for a feasibiilty study of the first 270-kilometer segment to connect with the Cyprus power network.
If the proposed EuroAsia Interconnector project is fully realized, it would be, at 998 km, one of the world's longest underwater power cables. According to the Israeli utility, it would have a capacity of up to 2000 MW.