![]() The first phase of the project, with total estimated construction costs of €1.57 billion, received a €657 million EU grant under the Connecting Europe Facility (CEF). As a second phase, once the link to Crete is completed, an electricity link between Cyprus and Israel will be constructed. The EuroAsia interconnector is a Project of Common Interest (PCI) under the 5th Union List comprising a 1,200 km undersea cable from Israel to Crete via Cyprus. We hope for a speedy construction process to make this project a reality as soon as possible. The EuroAsia Interconnector is yet another key infrastructure project strengthening the EU’s energy security by linking Cyprus to the EU’s electricity grid and contributing to our ambitious decarbonisation objectives. In her speech at the ceremony, Commissioner Simson said By boosting electricity interconnectivity, it will also help the integration of renewable energy sources in the region. The EuroAsia Interconnector will reinforce the security of energy supply for Cyprus and Crete, integrating their energy systems with the European networks through mainland Greece. The project, which has been politically and financially supported by the EU, will bring an end to Cyprus’s energy isolation, effectively making all EU countries physically connected to the EU electricity grid. Its completion is expected by the end of 2026. The interconnector will be the deepest and longest submarine electricity interconnection in the world. This EU Project of Common Interest will consist of a 1000 MW undersea cable connecting the electricity grids of Cyprus and Greece via Crete. ![]() The European Union has recognised the cable as a “Project of Common Interest”, categorising it as a project it is willing to partly finance.Commissioner for Energy, Kadri Simson, participated today together with the President of Cyprus, Nicos Anastasiades, and the Ministers for Energy of Cyprus (Natasa Pilides) and Greece (Kostas Skrekas) in a ceremony in Nicosia marking the start of the construction stage of the EuroAsia Interconnector. The Greek operator and Eurasia have been working closely to make sure the two cables link to each other efficiently, an IPTO official said. Greek power grid operator IPTO has started construction of the Crete-mainland part, seen concluding by 2023. It will cover three sections of the Mediterranean: some 310 kilometres between Israel and Cyprus, about 900 kilometres between Cyprus and Crete, and about 310 additional kilometres between Crete and mainland Greece. With a length of about 1,500 km and a maximum depth of 2,700 metres, it will be the longest and deepest subsea electricity cable to have ever been constructed, it said.Ĭalling the project a ‘2,000 mega-watt highway’, Pilides said the first stage is expected to be operational within 2025. The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israel’s energy ministry. The project, called the Euro-Asia interconnector, will provide a back-up power source in times of emergency, said Israeli Energy Minister Yuval Steinitz, who was in Nicosia to sign a memorandum of understanding with his counterparts.Ĭypriot Energy Minister Natasa Pilides said it marked “a decisive step towards ending the island’s energy isolation, and consequently, our dependence on heavy fuels.” ![]() JERUSALEM (Reuters) - Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |