Romania: GE Vernova secures...

GE Vernova has signed an agreement with Greenvolt International Power to supply wind...

Montenegro launches geological surveys...

Geological surveys for the Krusevo hydropower plant have started, marking the first concrete...

Montenegro: EPCG and France’s...

Montenegro’s state-owned power utility EPCG has signed a cooperation agreement with French renewable...

Croatia enters heating season...

Croatia is entering the new heating season with stable gas supplies, high storage...
Supported byClarion Energy
HomeSEE Energy NewsGreece: US state...

Greece: US state fund DFC is considering to invest in Greece-Cyprus-Israel interconnection

US state fund DFC is interested in becoming a stakeholder in the Great Sea Interconnector, planned to link the power grids of Greece, Cyprus and Israel. This would serve as a catalyst for the project as such a development would not only offer an additional funding source to the 1.9 billion-euro project but also boost its geopolitical clout as a result of the US state’s participation, according to Energypress.

DFC, the Development Finance Corporation, only supports and promotes projects around the world that are in line with US interests, its recent funding to Onex for the acquisition of the Elefsina Shipyards, west of Athens, being an example.

Planned to stretch 1,200 km and offer 2-GW power transmission capacity, the Great Sea Interconnector, the most mature of interconnection projects envisaged between Europe and the Middle East, certainly meets the regional interests of the US.

This project promises to greatly contribute to energy supply security in the eastern Mediterranean, diversification of supply sources and, above all, the development of infrastructure capable of connecting different continents.

DFC, it is being reported, could enter the Great Sea Interconnector as a 10 percent stakeholder. If the American state fund does become part of the project, it would join Greek power grid operator IPTO, the project promoter through its special purpose vehicle; the Cypriot State; Israel fund Aluma; and Abu Dhabi-based fund TAQA.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania to permanently close Isalnita coal-fired power plant in January 2026

Romania’s Ministry of Energy has announced that the coal-fired Isalnita thermal power plant in Dolj county will be permanently shut down on 1 January 2026. The plant is part of the Energy Complex (EC) Oltenia. Energy Minister Bogdan Ivan made...

Romania: GE Vernova secures order to supply 252 MW Ialomita wind project

GE Vernova has signed an agreement with Greenvolt International Power to supply wind turbines for the 252 MW Ialomita wind farm in southeastern Romania. The order, confirmed in the third quarter of 2025, includes the delivery, installation, and commissioning of...

Montenegro launches geological surveys for strategic HPP Krusevo

Geological surveys for the Krusevo hydropower plant have started, marking the first concrete step in one of Montenegro’s key energy projects. The work follows a contract signed on 29 November 2024 between EPCG and the Jaroslav Cerni Institute for...
Supported byVirtu Energy
error: Content is protected !!