Cyprus and Lebanon are set to sign a formal letter today requesting World Bank financing for an electrical interconnector between the two nations, according to sources cited by philenews.
The joint submission marks a concrete step toward linking the Cypriot power grid with Lebanon’s infrastructure, aiming to provide a more stable energy supply to Beirut amid ongoing domestic generation challenges.
The World Bank has been active in financing large-scale infrastructure projects in emerging markets, recently approving a $1.
The project would allow electricity to flow across the Mediterranean, leveraging Cyprus’s relatively more robust generation capacity to support Lebanon’s struggling grid.
This development aligns with broader infrastructure ambitions in Cyprus, where the Ports Authority recently unveiled a €415 million, 20-year roadmap to upgrade Larnaca’s commercial port and marina facilities.
While the port expansion focuses on maritime trade, the proposed power link underscores a strategic pivot toward regional energy integration and cross-border utility cooperation.
The World Bank has been active in financing large-scale infrastructure projects in emerging markets, recently approving a $1.25 billion loan to Nigeria for economic reforms and capital market development.