Greece Hooks Up Undersea Power Link to Crete as Part of Mediterranean Grid Plans
ATHENS, Greece (AP) — Greece announced Monday it has completed the work on an undersea power cable link connecting the mainland to the island of Crete, a key step in its ambitious plan for a wider expansion of the grid in the Eastern Mediterranean that will eventually include Cyprus and Israel.
The 1 billion euro ($1.14 billion) link spanning 330 kilometers (205 miles) was plugged in on Saturday and is expected to be fully operational this summer, Greece's grid operator said.
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VEEM (ASX:VEE) shareholders have earned a 18% CAGR over the last five years
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Burying your head in the sand is not a wealth strategy. The economy will always feel volatile, but the people who do best are those who act with confidence and intention – no matter the noise. You don't need to get every decision right, but you do need to make a decision. Inaction is a choice, and often, it's the most expensive one of all.
