A new undersea electricity cable—the Euro-African Interconnector– will link South Cyprus to Egypt and Greece, via Crete, after an agreement on the project is signed in Cairo.
The agreement, entered into on Tuesday, paves the way for further cooperation on energy matters between the three countries.
Cypriot businessman Nasos Ktorides, who also heads the EuroAsia Interconnector project, is one of the parties driving the initiative.
The two interconnectors are expected to contribute to establishing South Cyprus as an energy centre for the wider region, since the cable between Cyprus and Egypt will in turn be connected to countries in the Middle East and Africa. The connection with Greece, meanwhile, will create a connection with the rest of Europe.
Efforts are also still underway to create the conditions for the creation of a natural gas pipelines linking Egypt, Cyprus and Greece.