Energy Markets
Greece Reaffirms Commitment to Subsea Power Link to Cyprus
ATHENS, 10 March - Greece reaffirmed its commitment on Monday to build a subsea cable that will link continental Europe with the East Mediterranean. This follows reports that the project had been halted due to financial and geopolitical issues. The Greek power grid operator IPTO has begun construction of the Great Sea Interconnector cable (GSI), which will connect transmission networks in Europe with Cyprus. This project, costing 1.9bn euros (2.12bn dollars), is expected to extend to Israel via the Mediterranean Sea. The dispute between Greece, Turkey and NATO, which has lasted for many years, over the boundaries of their continental...