[/QUOTE]
The Government welcomes the "landmark decision of the European Union which approved the granting of a 657 million grant to Cyprus, Greece and Israel. Euro for the implementation of the EuroAsia Interconnector Project of Common Interest connecting the national grids of Israel, Cyprus and Greece", noting that the project ends the energy isolation of Cyprus.
At the same time, it says that the electrical interconnection is an important milestone in the strategic choices of the three countries that upgrades the energy objectives of the region.
A statement from the Presidency of the Republic stresses that the project in question is among those that the Republic of Cyprus has chosen to include in the "Cyprus _ Tomorrow Plan" within the framework of the transition to the green economy, and will therefore receive an additional 100 million euro grant from the EU.
With the EuroAsia electricity interconnection, Cyprus is geopolitically upgraded and the importance of the trilateral cooperation between Cyprus, Greece and Israel is highlighted. At the same time, it is an important milestone in the strategic choices of the three countries that upgrades the energy objectives of the region.
The project, the Presidency notes, ends the energy isolation of Cyprus, ensures the exploitation of natural wealth, offers security of supply, facilitates the attraction of foreign investment, strengthens the effort for more competitive electricity prices and allows the increased use of electricity from cleaner sources, in particular renewable energy sources, by connecting the two countries in the region.
The project, the Presidency notes, ends the energy isolation of Cyprus, ensures the exploitation of natural wealth, offers security of supply, facilitates the attraction of foreign investment, strengthens the effort for more competitive electricity prices and allows the increased use of electricity from cleaner sources, in particular renewable energy sources, by connecting the two countries in the region. CNA
Contents of this article including associated images are belongs Cyprus Times
Views & opinions expressed are those of the author and/or Cyprus Times
Source
