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Investing.com -- Terna (BIT:TRN), the Italian electricity transmission system operator, and its Greek counterpart have struck a deal valued at approximately 2 billion euros ($2.22 billion). The agreement, announced by Italian Prime Minister Giorgia Meloni on Monday, aims to double the capacity of the electricity interconnection between Italy and Greece.
The deal represents a significant development in the energy sector, as the two countries aim to enhance their power connectivity. The increased capacity of the electricity interconnection will facilitate the exchange of power resources between Italy and Greece, thereby potentially improving the reliability and efficiency of the power supply in both nations.
Details about the timeline for the implementation of the project or the specific entities involved in the Greek side of the deal were not provided in the announcement.
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