![]() The European Union has recognised the cable as a "Project of Common Interest", categorising it as a project it is willing to partly finance. Israel, Cyprus to link power grids Israel and Cyprus seek to bring Greece into the plan at a later stage Also seek to end the dispute over the Aphrodite gas field. A community of solvers combining human ingenuity, experience, technology and products to help organizations build trust and deliver sustained outcomes. 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. 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. 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." The EuroAsia Interconnector, as a leading European Project of Common Interest, is eligible for funding from the European Union’s ‘Connecting Europe Facility’ (CEF) financing resource of €8.7 bln.JERUSALEM: 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. ![]() ![]() The official Project Developer has submitted to the ‘Connecting Europe Facility’ (CEF) for the implementation of the interconnection of Cyprus with Greece through Crete by December 2023.ĮuroAsia Interconnector expresses particular gratitude to the President of the Republic of Cyprus and the Prime Minister of the Hellenic Republic, as well as the two competent ministers, Greece’s Energy and Environment Minister Kostis Hatzidakis and Cyprus Energy Minister Giorgos Lakkotrypis, for their full coordination and support to the electricity interconnection which ends the energy isolation of Cyprus, the last energy isolated European Union Member State.ĮuroAsia Interconnector remains committed to the timely implementation of the 1208 km subsea electricity interconnection that links the electricity grids of Israel, Cyprus and Greece through Crete by December 2023. Wednesday, 10 March 2021 Israel, Cyprus and Greece signed a Memorandum of Understanding (MoU) on Monday regarding a project to link their power grids via the construction of the world’s longest and deepest undersea power cable. AFP, Nicosia Published: 08 March ,2021: 06:39 PM GST Updated: 08 March ,2021: 09:40 PM GST Cyprus, Israel and Greece on Monday signed an initial agreement on laying the world’s longest undersea power cable linking their electricity grids. NICOSIA, Cyprus: An official said work on an electric cable linking the power grids of Israel, Cyprus, and Greece is on track to start in the first quarter. Israel, Cyprus and Greece on Monday signed a memorandum of understanding regarding a project to link their power grids via the construction of the worlds. EuroAsia Interconnector, the official Project Developer of the European Project of Common Interest (PCI 3.10 Israel Cyprus Greece-Crete) warmly thanks the governments of Cyprus and Greece for their full political support. ![]()
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