Italy, Albania, UAE sign deal for Adriatic energy link (Reuters)
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Italy, Albania and the United Arab Emirates (UAE) signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection to import renewable energy across the Adriatic Sea.
The plan will strengthen the existing power interconnections "stretching 430 km along the Adriatic seabed, linking Italy to Montenegro and other Balkan regions... to make (them) more efficient and competitive," Italian Prime Minister Giorgia Meloni said at the World Future Energy Summit in Abu Dhabi.