ATHENS -- A megaproject that promises to let electricity flow between Europe and Western Asia has the EU concerned about what China intends to do with a related project, while Turkey is worried about an alliance that might be taking shape against it.
The EuroAsia Interconnector would link the power grids of Israel, considered Western Asia, Greece and Cyprus with a 1,200-km subsea high-voltage transmission cable, one of the longest in the world if completed. It is to be partly funded by the EU, and Stage 1 is to cost 2.5 billion euros [$2.97 billion]. It is now slated for possible completion by December 2023.
