Cyprus reaffirmed its commitment to a planned electric transmission cable to Greece but said on Thursday that technical and financial details needed to be ironed out before it could sink more funds into the project.

Cyprus has approved a massive undersea electricity cable project to link its grid with Greece's. On Tuesday, the energy minister announced the project aims to cut electricity bills and end energy isolation.

Once completed, the Great Sea Interconnector will be the largest and deepest high voltage direct current interconnector in the world.

Cyprus approved the electric cable link with Greece in a multi-billion project that would also link Europe's grid to Israel.

The project will help eliminate Cyprus's energy isolation as the national system will be connected to the trans-European systems, said Cypriot Energy Minister, Giorgos Papadopoulos

NICOSIA - The governments of Greece and Cyprus will meet on Sept. 10 in a last-ditch attempt to salvage a multi-billion euro electric cable project, which if completed, would be the world's longest linking Europe to the Middle East.