PPC Quantum Energy S.A., a subsidiary of public-run Public Power Corp. S.A., on April 26, formally announced the launch of the construction of a 2,000 MW undersea electricity cable to link up the electricity grids of Israel, Cyprus and Greece (EuroAsia Interconnector project).

The company has notified the Greek Regulatory Authority for Energy (RAE) and CERA, the corresponding authority in Cyprus, over the project. In a joint letter to the company, both authorities underlined that the implementation of such an ambitious project is expected to contribute decisively towards ensuring power supply for the entire region of SE Europe and the eastern Mediterranean.