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Abu Dhabi National Energy Company, better known as Taqa, has signed an initial agreement to explore the prospect of becoming a shareholder in a project involving a high-voltage direct current (HVDC) subsea power cable between Greece and Cyprus. Taqa will consider joining the Independent Power Transmission Operation of Greece (IPTO) and the Cyprus government as shareholders in the project, which is estimated at about €1.9 billion ($2.07 billion), the company said on Monday.
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