Greek media reports claim officials have announced the electric cable linking the power grids of Israel, Cyprus and Greece has been given the go ahead to start in 2018 after Greek and Cypriot regulators approved the project.
Nasos Ktorides, who heads the EuroAsia Interconnector project, says that Israeli regulators are expected to give their approval over the next few weeks.
The 1,520-kilometer undersea electric cable will be able to receive and transmit electricity. Work on the cable is expected to last until 2022 and its first phase will have an estimated cost of around 3.5 billion euros.
