Abu Dhabi's TAQA Eyes Investment in Cyprus's Great Sea Interconnector

Abu Dhabi's TAQA is considering investment in Cyprus's Great Sea Interconnector project. This electrical connection aims to link Cyprus with European transmission networks and potentially extend to Israel, with an estimated cost of 1.9 billion euros. This initiative could enhance regional energy infrastructure.

Abu Dhabi's energy giant, TAQA, has expressed interest in injecting capital into Cyprus's ambitious Great Sea Interconnector initiative, according to an announcement from Cyprus's Energy Minister, George Papanastasiou, on Thursday.

The project, valued at 1.9 billion euros, aims to establish an electrical connection linking Cyprus with the European transmission network, providing a significant boost to regional power infrastructure.

Following its successful linkage with Europe, the interconnector could potentially be extended to Israel, marking a substantial development in regional energy collaboration.