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Greece-Cyprus-Israel Undersea Electricity Cable Project

Sector: Power Generation (CCGT) • Location: Greek-administered Southern Cyprus, Greece, Greece, Cyprus, Israel

Source: TRT Global

Project
In Doubt

A mega energy project intended to link the power grids of Greece, Greek-administered Cyprus, and Israel through a vast undersea electricity cable. The project has faced delays, internal disagreements, and is now under criminal investigation by the EU's European Public Prosecutor's Office (EPPO). The EU pledged $764 million in funding, with Greek-administered Cyprus and Greece expected to cover the

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Project Information

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The project “Greece-Cyprus-Israel Undersea Electricity Cable Project” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Greek-administered Southern Cyprus, Greece, Greece, Cyprus, Israel. Taiyo aggregates data on it from TRT Global.

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Description

Description

A mega energy project intended to link the power grids of Greece, Greek-administered Cyprus, and Israel through a vast undersea electricity cable. The project has faced delays, internal disagreements, and is now under criminal investigation by the EU's European Public Prosecutor's Office (EPPO). The EU pledged $764 million in funding, with Greek-administered Cyprus and Greece expected to cover the remainder. Independent studies have concluded the project is no longer economically sustainable under the current framework, leading to Greek-administered Cyprus pulling back from the project.

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High

Data quality score

100%

Source

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URL

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