8 Hrs
Source:
الصحيفة
_1777011671128_85597701.png&w=64&q=75){kind=small}
Portugal seeks EU funds for Morocco cable project
The article discusses a plan to establish a direct underwater electric cable between Morocco and Portugal. However, the project is still in the study and evaluation phases, with Portuguese Environment and Energy Minister indicating that funding from the private sector or support from the European Union is essential to move forward. The aim of the project is to connect the electricity grids of the two countries to enhance supply security, especially in emergencies. Estimates suggest that the cost could reach one billion euros, and current reassessments of the figures are underway. This initiative comes within the context of Portugal's efforts to improve the resilience of its electricity system and reduce dependence on the Spanish grid, amid Spanish concerns about the project's impact on the Iberian electricity market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)