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Cypriot Minister of Energy Natasa Pilides welcomed Wednesday the approval of €657 million from European funds for EuroAsia Interconnector, a European Project of Common Interest aiming to connect the national electricity grids of Israel, Cyprus and Greece through a 1,208km subsea HVDC cable. The funds were approved under the Connecting Europe Facility (CEF).In a post on twitter, Pilides says that the € 657 million funding approved, “is excellent news for Cyprus” and points out that there’re multiple benefits of the electricity …
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