EuroAfrica Interconnector project is to build an undersea electric cable aiming to link the electricity grids of Egypt, Cyprus, and Greece with the rest of Europe at a cost of EUR 3.5bn, AP reports.

“The 1,650-kilometer cable with a 2,000-megawatt capacity will both transmit and receive electricity,” Head of EuroAfrica Interconnector Nasos Ktorides announced on January 8.

Egyptian authorities signed an agreement on February 7 to proceed with the studies. The project is anticipated to take 36 months from completion of said studies.

On another note, Ktorides is also behind a separate but similar project for an undersea electric cable connecting Israel, Cyprus, and Greece.