The cable will have a capacity of 1,000 megawatts expandable to 2,000 MW.Ĭonstruction is scheduled to start this year and be completed in 2025, with an operating horizon in the first half of 2026. NICOSIA, Cyprus The European Union has earmarked 657 million euros (736 million) for the construction of a 2,000-megawatt undersea electricity cable that will link the power grids of. The EuroAsia Interconnector comprises the electricity interconnection between the grids of Israel, Cyprus, Greece through a subsea DC cable and with HVDC. “The EuroAsia Interconnector is perhaps Cyprus’ most important energy infrastructure project which ensures the transition to a green economy,” he told a news conference. 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. The commission said the “898 kilometres of undersea cables and maximum sea depth of 3,000 metres will set new world records for a project of this kind”.Ĭypriot Energy Minister Natasa Pilides said the EU grant would allow construction to begin for a project expected to cost 1.57 billion euros. Help JNS grow (Janu/ JNS) Israel, Cyprus and Greece will get 657 million euros (more than 730 million) from the European Union to construct a 2,000-megawatt undersea electricity cable to link the power grids of the three nations, said Cypriot Energy Minister Natasa Pilides on Thursday. “Recent months have reminded us again how crucial a well-integrated EU energy market is for ensuring affordable energy and security of supply,” she said in a statement on Wednesday. The largest funds go to the EuroAsia Interconnector project to support the first electricity link between Cyprus and the European grid.ĮU energy commissioner Kadri Simson also said the project would bring “an end to the energy isolation of Cyprus and link it to the rest of Europe”. The EU’s member states agreed to invest 1.037 billion euros in five cross-border infrastructure projects under the CEF for trans-European energy networks. “It ends Cyprus’ energy isolation, secures the exploitation of natural wealth, offers security in supply, facilitates the attraction of foreign investments, reinforces the efforts for competitive electricity prices”. The EuroAsia Interconnector will link Israel with Cypriot and Greek power grids with high-voltage direct current submarine power cable of length around. “With the EuroAsia electricity connection, Cyprus is geopolitically upgraded… it is an important milestone in the three countries’ strategic choices and upgrades the region’s energy goals,” the presidency said. The funding was approved under the bloc’s Connecting Europe Facility (CEF). The EuroAsia Interconnector will connect the national electricity grids of Cyprus, Greece and Israel through a 1,208-kilometre (750-mile) long subsea high-voltage, direct current (HVDC) cable. Cyprus, Greece and Israel on Monday signed an initial agreement to build the worlds longest and deepest underwater power cable that will traverse the. NICOSIA Cyprus launched an EU-funded project on Friday to link the eastern Mediterranean island to the European electricity grid via an undersea power cable billed as the world’s longest. Cyprus has hailed to decision for the 2,000-megawatt undersea electricity cable. It said the project was also the cornerstone of its transition to a green economy. The electricity cable that will link the power grids of Israel, Cyprus and Greece got a major boost by the EU on Thursday which earmarked 657 million euros (736 million) for its construction. In a statement, the Cyprus presidency said the project is an important milestone that puts an end to the eastern Mediterranean island’s “energy isolation”. Reporting by Michele Kambas Editing by Alexander Smith Our Standards: The Thomson. If (slot) slot.addService(googletag.Cyprus welcomed Thursday (27 January) a “landmark” European Union decision to approve a 657-million-euro ($733 million) grant for the construction of a subsea electricity cable integrating it with Greece and Israel. Cyprus and Israel are also looking at expediting a link of their electricity grids via a subsea cable, he added. (function (a, d, o, r, i, c, u, p, w, m) euro in connecting Israel to European grid - The Jerusalem Post
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