Greek Greek may refer to: Greece Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group. *Greek language, a branch of the Indo-European language family. **Proto-Greek language, the assumed last common ancestor ...

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

power grid An electrical grid is an interconnected network for electricity delivery from producers to consumers. Electrical grids vary in size and can cover whole countries or continents. It consists of:Kaplan, S. M. (2009). Smart Grid. Electrical Power ...

submarine power cable A submarine power cable is a transmission cable for carrying electric power below the surface of the water. Connecting

Kofinou Kofinou ( el, Κοφίνου; tr, Köfünye or ) is a village located in the Larnaca District of Cyprus. It is situated where the roads from Nicosia, Larnaca and Limassol trisected, prior to the by-pass built in the 1990s. History Cyprus was i ...

,

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

to

Hadera Hadera ( he, חֲדֵרָה ) is a city located in the Haifa District of Israel, in the northern Sharon region, approximately 45 kilometers (28 miles) from the major cities of Tel Aviv and Haifa. The city is located along 7 km (5&nb ...

,

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

and Korakias,

Crete Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, ...

,

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders wi ...

the EuroAsia Interconnector is a major

Project of Common Interest Projects of Common Interest (PCIs) is a category of projects that the European Commission has identified as a key priority for interconnecting the European Union's energy system infrastructure. These projects are eligible to receive public funds. ...

of the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are located primarily in Europe, Europe. The union has a total area of ...

and a priority Electricity Highway Interconnector Project, as an energy highway bridging

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...

and

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

. Regulatory approval of electricity interconnection between

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

and

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders wi ...

was completed on October 10, 2017. ACER Overview of cost border cost allocation decisions
/ref> According to ENTSO-E's analysis, the interconnector will contribute to social and economic welfare between €580m and €1.12 billion in each year. ENTSO-E calculated that expected reduction of is between 1.3 and 6.8 million tonnes each year, or between 21% and 110% of total emissions of Cyprus. On May 12, 2017, the

Greek Prime Minister The prime minister of the Hellenic Republic ( el, Πρωθυπουργός της Ελληνικής Δημοκρατίας, Prothypourgós tis Ellinikís Dimokratías), colloquially referred to as the prime minister of Greece ( el, Πρωθυ� ...

Alexis Tsipras Alexis Tsipras ( el, Αλέξης Τσίπρας, ; born 28 July 1974) is a Greek politician serving as Leader of the Official Opposition since 2019. He served as Prime Minister of Greece from 2015 to 2019. Tsipras has led the Coalition of th ...

met the State Grid Corporation of China Chairman Shu Yinbiao in Beijing, and CEO Euroasia Interconnector Nasos Ktorides supported the timely implementation of EuroAsia Interconnector. On December 12, 2017 transmission system operator Elia announced the conclusion of a strategic alliance agreement for the development and implementation of the 2,000 MW interconnector. Greek Energy and Environment Minister

Kostis Hatzidakis Konstantinos (Kostis) Hatzidakis ( el, Κωνσταντίνος (Κωστής) Χατζηδάκης; born 20 April 1965 in Rethymno) is a Greek politician of New Democracy who has been serving as the Minister for Labor and Social Affairs in the ...

and Israeli Energy Minister Yuval Steinitz, during the 25th UN Climate Change Conference in Madrid (10 Dec. 2019), both reiterated their countries’ support in the Israel-Cyprus-Crete electricity interconnection project, the PCI 3.10 EuroAsia Interconnector. Former Cyprus Foreign Minister and head of the

European Parliament The European Parliament (EP) is one of the Legislature, legislative bodies of the European Union and one of its seven Institutions of the European Union, institutions. Together with the Council of the European Union (known as the Council and in ...

Foreign Affairs Working group Ioannis Kasoulides joined the EuroAsia Interconnector on March 30, 2018, as Chairman of the Strategic Council. Energy-sector technical engineering recruitment firm Fircroft included the EuroAsia Interconnector as the fourth biggest among 10 major transmission and distribution projects in the world for 2019 and beyond. . A final call for tenders for the construction of Stage 1 with an estimated budget of €2.5 billion was published on November, 2019 and in February 2021 in the Official Journal of the European Union. On 8 March 2021, Cyprus, Greece and Israel signed an initial agreement to build the world's largest and deepest submarine power cable that will connect the three Mediterranean countries' power grids. There are particular benefits for all countries involved since Interconnector will spur investment in renewables.

President of the European Commission The president of the European Commission is the head of the European Commission, the executive branch of the European Union (EU). The President of the Commission leads a Cabinet of Commissioners, referred to as the College, collectively account ...

Ursula von der Leyen Ursula Gertrud von der Leyen (; Albrecht, born 8 October 1958) is a German politician who has been serving as the president of the European Commission since 2019. She served in the German federal government between 2005 and 2019, holding suc ...

visited Cyprus on 8. July 2021 and officially presented EU approval for Cyprus plan to spend €1.2 billion under EU Recovery and Resilience Plan. EuroAsia Interconnector got €100 million funding from EU Recovery and Resilience Plan. On 26 January 2022, the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

approved €657 million under the

Connecting Europe Facility The Connecting Europe Facility (CEF) is a European Union fund established in 2014 for infrastructure investments (in particular the Trans-European Networks) across the union in transport, energy, digital and telecommunication projects, which aims at ...

(CEF) for Euroasia Interconnector. EU invests over € 1 billion in energy infrastructure in support of the Green Deal
''ec.europa.eu'' The inauguration ceremony on the start of the construction works of Interconnector held on October 14, 2022 at the Presidential Palace in Nicosia. The ceremony was attended by European Commissioner for Energy

Kadri Simson Kadri Simson (née Must, born 22 January 1977) is an Estonian politician from the Centre Party, European Commissioner for Energy in the von der Leyen Commission since 1 December 2019. She was previously Minister of Economic Affairs and Communica ...

, President of Cyprus

Nicos Anastasiades Nicos Anastasiades ( el, Νίκος Αναστασιάδης ; born 27 September 1946) is a Cypriot politician who is the current president of Cyprus since 2013. He was re-elected in 2018. Previously, he was the leader of Democratic Rally bet ...

, Greek Energy Minister Kostas Skrekas, Cypriot Energy Minister Natasa Pilides and CEO Euroasia Interconnector Nasos Ktorides.

Energy in Cyprus, Greece and Israel

Energy in Cyprus

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

as an island is totally isolated from EU energy links and electricity networks and remains the most energy dependent country in the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are located primarily in Europe, Europe. The union has a total area of ...

. Cyprus is completely isolated from EU energy interconnections. About 95% of the primary energy use was imported in 2015. Oil and petroleum products represent around 92% of the gross energy consumption. Cyprus has no

oil refineries An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, li ...

. As a result of high import cost of petroleum products the price of electricity is one of the highest in the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are located primarily in Europe, Europe. The union has a total area of ...

.

Renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

share has reached 8% and according to national targets should reach 13% by 2020. Recently Cyprus announced discovery of the

Aphrodite gas field Aphrodite gas field is an offshore gas field off the southern coast of Cyprus located at the exploratory drilling block 12 in the country's maritime Exclusive Economic Zone. and bordering the Yishai gas field, located in Israeli territorial wat ...

with significant amounts of natural gas resources in its exclusive economic zone (EEZ), and additional gas prospects are being explored. Due to regional turmoil in the Eastern Mediterranean region and the fact that 1/3 of Cyprus is unlawfully occupied, for energy security it needs a reliable and robust energy infrastructure. EuroAsia Interconnector will connect Cyprus to the European electricity grid as the last EU member fully isolated from energy interconnections.

Energy in Israel

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

's relationship with neighbors links politics and diplomacy with energy supply and security. Until recently domestic Israeli primary energy production was small. The country was dependent on imports of oil and

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when ...

, so that in 2012 only 13% of its energy balance was supplied from domestic resources. In 2010, the

Leviathan gas field The Leviathan gas field is a large natural gas field in the Mediterranean Sea off the coast of Israel, south-west of the Tamar gas field. The gas field is roughly west of Haifa in waters deep in the Levantine basin, a rich hydrocarbon are ...

was discovered off the coast of Israel. This gas field represents a strategic change enabling Israel not only to be energy independent, but also to become an energy exporter, as the amount of gas discovered exceeds Israeli demands for at least 50 years. Unlike oil, gas is more difficult to ship and is not sold on spot markets, being priced uniquely for each deal. One reliable way for Israel to export

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon d ...

could be in form of electricity using the Interconnector.

Energy in Greece

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders wi ...

's location at the crossroads of East and West and geographical connection to rest of Europe enables interconnection and energy flow from

Eastern Mediterranean Eastern Mediterranean is a loose definition of the eastern approximate half, or third, of the Mediterranean Sea, often defined as the countries around the Levantine Sea. It typically embraces all of that sea's coastal zones, referring to commun ...

to Europe. Greece is a highly energy dependent country.

Renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

share has reached 22%.

Crete Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, ...

is an energy isolated island and it is the largest isolated power system in Greece. Like all isolated island systems the cost of electricity production is very high due to transportation costs of imported fuel and high operational costs of mainly outdated power generating units. Connected systems can have much lower costs of electricity by using electricity from distant

power station A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many ...

s where electricity production costs are much lower. Crete is electrically isolated from mainland Greece and the Hellenic Republic subsidises the difference in the Crete electricity costs of around €300 million per year.

Eastern Mediterranean Hydrocarbon Findings

The

Levantine Sea The Levantine Sea (Arabic: بحر الشام, tr, Levanten Denizi, el, Θάλασσα του Λεβάντε) is the easternmost part of the Mediterranean Sea. Geography The Levantine Sea is bordered by Turkey in the north and north-east ...

is bounded by

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders wi ...

,

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula ...

,

Syria Syria ( ar, سُورِيَا or سُورِيَة, translit=Sūriyā), officially the Syrian Arab Republic ( ar, الجمهورية العربية السورية, al-Jumhūrīyah al-ʻArabīyah as-Sūrīyah), is a Western Asian country loc ...

,

Lebanon Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus lie ...

,

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

, and

Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a List of transcontinental countries, transcontinental country spanning the North Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via a land bridg ...

. Cyprus is the largest island in the Levantine sea and it is located in the middle. Many countries in the region are in disputes with neighbors. The seafloor of the Eastern Mediterranean Basin is dotted with mud

volcano A volcano is a rupture in the crust of a planetary-mass object, such as Earth, that allows hot lava, volcanic ash, and gases to escape from a magma chamber below the surface. On Earth, volcanoes are most often found where tectonic plates ...

es which spew gas and occasionally oil into the

benthic zone The benthic zone is the ecological region at the lowest level of a body of water such as an ocean, lake, or stream, including the sediment surface and some sub-surface layers. The name comes from ancient Greek, βένθος (bénthos), meaning " ...

. Geologically it consists of sediment columns up to 12 km thick capped by evaporites. These geological and oceanographic facts led to speculation that Levantine sea contains big gas and oil deposits trapped in evaporites. Recently

Eni Eni S.p.A. () is an Italian multinational energy company headquartered in Rome. Considered one of the seven "supermajor" oil companies in the world, it has operations in 69 countries with a market capitalization of US$54.08 billion, as of 11 Ap ...

discovered the Zohr gas field, largest known gas field in the Mediterranean. The Zohr gas field holds around of gas. It is estimated that in the Levant Basin there are around of undiscovered gas resources. Also they estimated that there could be up to 1.7 billion barrels of recoverable oil.

Israeli and Cyprus gas fields

Aphrodite gas field Aphrodite gas field is an offshore gas field off the southern coast of Cyprus located at the exploratory drilling block 12 in the country's maritime Exclusive Economic Zone. and bordering the Yishai gas field, located in Israeli territorial wat ...

is Cyprus's offshore gas field at the exploratory drilling block 12 in the Cyprus maritime Exclusive Economic Zone. It is estimated that block 12 holds of

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon d ...

. Exploration is continuing in other blocks in the Cyprus EEZ. Calypso gas field in block 6 was found in 2018, and it is estimated that holds of gas. The first significant Israeli gas discovery was the Mari-B field in 2000. Mari-B field produced gas until 2013 covering 40% of Israeli natural gas demand. Offshore Tamar gas field of was discovered in 2009. Commercial production from Tamar field started in 2013. It covers nearly all industrial needs and gas from Tamar field generates over half of the country's electricity. In 2010, the

Leviathan gas field The Leviathan gas field is a large natural gas field in the Mediterranean Sea off the coast of Israel, south-west of the Tamar gas field. The gas field is roughly west of Haifa in waters deep in the Levantine basin, a rich hydrocarbon are ...

was discovered off the coast of Israel. It is estimated the field contains around of natural gas.

Infrastructure

The EuroAsia Interconnector will link Israel with Cypriot and Greek power grids with

high-voltage direct current A high-voltage direct current (HVDC) electric power transmission system (also called a power superhighway or an electrical superhighway) uses direct current (DC) for electric power transmission, in contrast with the more common alternating cur ...

submarine power cable A submarine power cable is a transmission cable for carrying electric power below the surface of the water. It will have a capacity to transmit 2,000 megawatts of electricity in either direction. The cable will link

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

with

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

. Cyprus will be connected with the Greek island of

Crete Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, ...

with long cable. The laying depth of cable will be up to under sea level in some areas between Crete and Cyprus. It will be conducted in two stages. In the first stage it will have 1000 MW capacity. It is expected to cost €2.5 billion in the first stage. Interconnection between

Hadera Hadera ( he, חֲדֵרָה ) is a city located in the Haifa District of Israel, in the northern Sharon region, approximately 45 kilometers (28 miles) from the major cities of Tel Aviv and Haifa. The city is located along 7 km (5&nb ...

in Israel and

Kofinou Kofinou ( el, Κοφίνου; tr, Köfünye or ) is a village located in the Larnaca District of Cyprus. It is situated where the roads from Nicosia, Larnaca and Limassol trisected, prior to the by-pass built in the 1990s. History Cyprus was i ...

on

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

will be finished in December 2025. The longer interconnection between Kofinou on Cyprus and Korakias on Crete will be delivered in December 2025.

Configuration for Stage 1

The Interconnector provides important electricity highway in Southeastern EU and ends the electricity energy isolation of

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

and

Crete Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, ...

interconnecting EU and

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

. The Interconnector's main components are: *3

converter station An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line.Arrillaga, Jos; High Voltage Direct Current Transmission, se ...

s in bipolar arrangements with multiterminal operation (in Greece(Crete), Cyprus and Israel). * Subsea and land high-voltage direct current (

HVDC A high-voltage direct current (HVDC) electric power transmission system (also called a power superhighway or an electrical superhighway) uses direct current (DC) for electric power transmission, in contrast with the more common alternating curre ...

) cables that will interconnect converter stations in

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders wi ...

,

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

and

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

. Cables will run in pairs and each cable will be with power rating of 500 MW and voltage of 500kV. *Sea electrodes of 1000A and medium voltage direct current cables connecting them to

converter station An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line.Arrillaga, Jos; High Voltage Direct Current Transmission, se ...

s *

Alternating current Alternating current (AC) is an electric current which periodically reverses direction and changes its magnitude continuously with time in contrast to direct current (DC) which flows only in one direction. Alternating current is the form in whic ...

(AC) switchgear connecting converter stations to the local electricity grid at four different locations GeorgeKillasInCESI

Pairs of cables will connect all converter stations. A converter station converts

direct current Direct current (DC) is one-directional flow of electric charge. An electrochemical cell is a prime example of DC power. Direct current may flow through a conductor such as a wire, but can also flow through semiconductors, insulators, or ev ...

(DC) to and from

alternating current Alternating current (AC) is an electric current which periodically reverses direction and changes its magnitude continuously with time in contrast to direct current (DC) which flows only in one direction. Alternating current is the form in whic ...

(AC). It can both send and receive power via the cable and to or from the grid. Converter stations are bipolar and could run bidirectionally enabling import or export of electricity depending on demand. Cables will run along bottom of the sea and on land will run underground. Sea electrodes are used in case of cable or converter stations fault. Sea electrodes are placed at seabed several kilometers from shore and they are connected to

converter station An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line.Arrillaga, Jos; High Voltage Direct Current Transmission, se ...

s. Converter stations will be of Voltage Source Converter (VSC) type. Each

converter station An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line.Arrillaga, Jos; High Voltage Direct Current Transmission, se ...

will be rated to 1000 MW and made of two converter bridges of 500 MW.

Submarine power cable A submarine power cable is a transmission cable for carrying electric power below the surface of the water.

Configuration for Stage 2

In stage 2 an additional 1000 MW

converter station An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line.Arrillaga, Jos; High Voltage Direct Current Transmission, se ...

will be built in

Crete Crete ( el, Κρήτη, translit=, Modern: , Ancient: ) is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, ...

and

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

and an additional 1000 MW bipole cable on the Israel-Cyprus—Greece route will be brought into service. Stage 2 will increase transfer capacity to 2000 MW.

Project of EU Common Interest

The

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

adopted on 14 October 2013 under Regulation (EU) No. 1391/2013 first list of key EU Projects of Common Interest. EuroAsia Interconnector is accepted as a cluster of three EU Projects of Common Interest important as trans-European energy infrastructure project. Main criteria for Projects of Common Interest is market integration, security of energy supply, enhancing competition and reduction of . On 18 November 2015 the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

adopted second revised list of 195 EU Projects of Common Interest. EuroAsia Interconnector is included also on revised list. On 23 November 2017, Euroasia Interconnecter was included on third final list of EU Projects of Common Interest. The European Commission issued the 4th PCI list on October 31, 2019, and the Euroasia Interconnector remains as PCI 3.10. On 29 October 2014 the EU announced funding for 3 prestudies of the Interconnector project. These studies secured half of cost (€1,325,000) from the

Connecting Europe Facility The Connecting Europe Facility (CEF) is a European Union fund established in 2014 for infrastructure investments (in particular the Trans-European Networks) across the union in transport, energy, digital and telecommunication projects, which aims at ...

. On 17 February 2017,

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

approved €14.5 million as financial support for final detailed studies prior to Project Implementation. EU covers half of cost of final detailed pre-works studies. The Interconnector was selected for funding as one of seven electricity projects. According to the

EU Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...

, the project contributes the Energy Union's goals by increasing security of energy supply, connecting European energy networks, and also contributes integration of

renewable energy sources Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

across the EU.

EU Priority Electricity Highway

EuroAsia Interconnector has been labelled as a priority electricity corridor, and as priority Electricity Highway Project. On 23, November 2017, Euroasia Interconnector was on the third final list of EU Projects of Common Interest and has been labelled by the ENTSO-E as priority Electricity Highway Interconnector. Euroasia Interconnector was also on the fourth final list of EU Projects of Common Interest labelled as priority Electricity Highway Interconnector.

Big reduction of emission

European Network of Transmission System Operators for Electricity ENTSO-E, the European Network of Transmission System Operators, represents 39 electricity transmission system operators (TSOs) from 35 countries across Europe, thus extending beyond EU borders. ENTSO-E was established and given legal mandates b ...

(ENTSO-E) assessed positively the Interconnector project based on cost-benefit analysis methodology. It is therefore included in the ten-year network development plan 2014 (TYNDP) and then also TYNDP 2016. According to the cost-benefit analysis of ENTSO-E , the Interconnector will contribute to social and economic welfare between €580m and €1.12 billion in each year. The cost-benefit analysis is done using four different visions. Reduction of emission is expected to be between 1.3 million tonnes and 6.8 million tonnes each year. For comparison Cyprus had emission of 6.16 million tonnes during 2015. Therefore, reduction of emission will be between 21% and 110% of total Cyprus emission. Based on new assessments best estimate of reduction of emission is expected to be 1.16 million tonnes for Stage 1. Development of

renewable energy sources Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

on isolated systems like Cyprus and Crete could compromise islands electrical systems due to chaotic production fluctuations. Integration of renewable energy sources without interconnection is therefore limited. Electricity interconnection will enable and unlock integration of high percentage of renewable sources in such isolated systems.

History and development

EuroAsia Interconnector project was announced by Nasos Ktorides in

Nicosia Nicosia ( ; el, Λευκωσία, Lefkosía ; tr, Lefkoşa ; hy, Նիկոսիա, romanized: ''Nikosia''; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaori ...

on 23 January 2012, stressing the role of

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

as energy bridge between

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

and

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...

. A cooperation agreement for conducting the feasibility study was signed in

Jerusalem Jerusalem (; he, יְרוּשָׁלַיִם ; ar, القُدس ) (combining the Biblical and common usage Arabic names); grc, Ἱερουσαλήμ/Ἰεροσόλυμα, Hierousalḗm/Hierosóluma; hy, Երուսաղեմ, Erusałēm. i ...

on 4 March 2012 between the project operator EuroAsia Interconnector Ltd.(previously DEI Quantum Energy), and the

Israel Electric Corporation Israel Electric Corporation ( he, חברת החשמל לישראל, abbreviation: IEC) is the largest supplier of electrical power in Israel and the Palestinian territories. The IEC builds, maintains, and operates power generation stations, sub- ...

in the presence of Israeli minister for Energy and Water Resources Uzi Landau and

Yiftah Ron-Tal Yiftah Ron-Tal ( he, יפתח רון-טל; born 1956) is the director of the Israel Electric Corporation, former head of the Israel Port Authority and former major general in the Israel Defense Forces (IDF). Biography Ron-Tal was born on Netiv Ha ...

, Director of the

Israel Electric Corporation Israel Electric Corporation ( he, חברת החשמל לישראל, abbreviation: IEC) is the largest supplier of electrical power in Israel and the Palestinian territories. The IEC builds, maintains, and operates power generation stations, sub- ...

. On 23 March 2012, in

Nicosia Nicosia ( ; el, Λευκωσία, Lefkosía ; tr, Lefkoşa ; hy, Նիկոսիա, romanized: ''Nikosia''; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaori ...

, the

Electricity Authority of Cyprus The Electricity Authority of Cyprus (EAC) ( Greek: ''Αρχή Ηλεκτρισμού Κύπρου (ΑΗΚ)'') was founded in 1952 by the British colonial government. The 28 private electricity companies of the time were nationalized and absorbed ...

signed a cooperation agreement with the project operator. On 8 August 2013, the ministers of energy of Cyprus, Israel and Greece met in Cyprus. They signed the tripartite energy memorandum and reconfirmed their support for the Interconnector. TrilateralMettingTsiprasNassosYinbiao

On 14 October 2013, the Interconnector was accepted as cluster of three EU Projects of Common Interest. Later it was also accepted on the second, third and fourth lists of key EU Projects of Common Interest. In a meeting between the Israeli and Cypriot energy ministers in June 2015, the Israeli minister suggested doubling the planned capacity of the cable. With Israel and Cyprus both having located natural gas deposits within their territories, a higher capacity cable would allow them to construct gas-driven power plants and export significant amounts of electricity to Europe. On 11 January 2016 in

Nicosia Nicosia ( ; el, Λευκωσία, Lefkosía ; tr, Lefkoşa ; hy, Նիկոսիա, romanized: ''Nikosia''; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaori ...

Vice-President A vice president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on ...

of the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

Maroš Šefčovič met with President of Cyprus

Nicos Anastasiades Nicos Anastasiades ( el, Νίκος Αναστασιάδης ; born 27 September 1946) is a Cypriot politician who is the current president of Cyprus since 2013. He was re-elected in 2018. Previously, he was the leader of Democratic Rally bet ...

and Minister of Energy Giorgos Lakkotrypis. They discussed huge potential of eastern Mediterranean for energy supply of Europe and pointed out EuroAsia Interconnector as a bridge and highway for energy supply. Three pre-works phase studies were awarded on 18 December 2015 to the Italian companies CESI and G.A.S. S.r.l..The three studies are for the technical design, the reconnaissance study for the optimum route and an environmental impact study. In January 2016, the Italian research ship ''Odin Finder'' started a reconnaissance study for the optimum route of the underwater cable. It took about 100 days to complete the survey. All three preworks studies were finished in 2016 and led to the next phase of the final pre-construction studies. BeiijingMeeting

On 28 January 2016, the first Cyprus-Israel-Greece tripartite meeting took place in Nicosia. During that meeting President of Cyprus

Nicos Anastasiades Nicos Anastasiades ( el, Νίκος Αναστασιάδης ; born 27 September 1946) is a Cypriot politician who is the current president of Cyprus since 2013. He was re-elected in 2018. Previously, he was the leader of Democratic Rally bet ...

, the

Prime Minister of Greece The prime minister of the Hellenic Republic ( el, Πρωθυπουργός της Ελληνικής Δημοκρατίας, Prothypourgós tis Ellinikís Dimokratías), colloquially referred to as the prime minister of Greece ( el, Πρωθυ� ...

Alexis Tsipras Alexis Tsipras ( el, Αλέξης Τσίπρας, ; born 28 July 1974) is a Greek politician serving as Leader of the Official Opposition since 2019. He served as Prime Minister of Greece from 2015 to 2019. Tsipras has led the Coalition of th ...

and the

Prime Minister of Israel The prime minister of Israel ( he, רֹאשׁ הַמֶּמְשָׁלָה, Rosh HaMemshala, Head of the Government, Hebrew acronym: he2, רה״מ; ar, رئيس الحكومة, ''Ra'īs al-Ḥukūma'') is the head of government and chief exe ...

Benjamin Netanyahu Benjamin "Bibi" Netanyahu (; ; born 21 October 1949) is an Israeli politician who served as the ninth prime minister of Israel from 1996 to 1999 and again from 2009 to 2021. He is currently serving as Leader of the Opposition and Chairman of ...

affirmed their full support for the EuroAsia Interconnector. When they met again on December 8, 2016, in

Jerusalem Jerusalem (; he, יְרוּשָׁלַיִם ; ar, القُدس ) (combining the Biblical and common usage Arabic names); grc, Ἱερουσαλήμ/Ἰεροσόλυμα, Hierousalḗm/Hierosóluma; hy, Երուսաղեմ, Erusałēm. i ...

they reaffirmed their full support for the timely implementation of EuroAsia Interconnector. On 17 February 2017, The European Commission approved €14.5 million as financial support for final detailed studies prior to Project Implementation. On April 5, 2017 INEA signed the grant agreement to finalize the Interconnector's design by supporting final detailed pre-works studies. On May 12, 2017, the Greek Prime Minister

Alexis Tsipras Alexis Tsipras ( el, Αλέξης Τσίπρας, ; born 28 July 1974) is a Greek politician serving as Leader of the Official Opposition since 2019. He served as Prime Minister of Greece from 2015 to 2019. Tsipras has led the Coalition of th ...

met State Grid Corporation of China Chairman Shu Yinbiao in Beijing accompanied by Euroasia Interconnector CEO Nasos Ktorides and had discussions on jointly promoting of the

Belt and Road Initiative The Belt and Road Initiative (BRI, or B&R), formerly known as One Belt One Road ( zh, link=no, 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 1 ...

and the strengthening of power and energy cooperation. Prime Minister Tsipras expressed his appreciation for the support Mr. Shu Yinbiao has given to the development of the Greek grid and the contribution made by State Grid Corporation of China towards the timely implementation of EuroAsia Interconnector. Elia-Group-Meeting

At a trilateral meeting of Prime Ministers of Greece

Alexis Tsipras Alexis Tsipras ( el, Αλέξης Τσίπρας, ; born 28 July 1974) is a Greek politician serving as Leader of the Official Opposition since 2019. He served as Prime Minister of Greece from 2015 to 2019. Tsipras has led the Coalition of th ...

, Israel

Benjamin Netanyahu Benjamin "Bibi" Netanyahu (; ; born 21 October 1949) is an Israeli politician who served as the ninth prime minister of Israel from 1996 to 1999 and again from 2009 to 2021. He is currently serving as Leader of the Opposition and Chairman of ...

and the President of Cyprus

Nicos Anastasiades Nicos Anastasiades ( el, Νίκος Αναστασιάδης ; born 27 September 1946) is a Cypriot politician who is the current president of Cyprus since 2013. He was re-elected in 2018. Previously, he was the leader of Democratic Rally bet ...

, in the Greek city of

Thessaloniki Thessaloniki (; el, Θεσσαλονίκη, , also known as Thessalonica (), Saloniki, or Salonica (), is the second-largest city in Greece, with over one million inhabitants in its metropolitan area, and the capital of the geographic region of ...

on 15 June 2017. they pointed out that EuroAsia Interconnector is strategically important for Greece, upgrading her status into a regional electricity and telecom hub. The EuroAsia Interconnector cross border cost allocation was approved by the Energy Regulatory Authorities of Cyprus and Greece on 10 October 2017 and 21 March 2018. It is a historic decision for

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

, ending electricity isolation of the last EU member state. Elia, Belgium's electricity transmission system operator, announced on 12 December 2017 that it had concluded a strategic alliance agreement with the EuroAsia Interconnector for the development and implementation of the 2,000 MW subsea electricity interconnector.Elia Grid International concludes strategic alliance agreement with EuroAsia Interconnector
/ref> EuroAsiaPublic consult

Former Cyprus Foreign Minister (1997—2003, 2013— March 2018) and head of the

European Parliament The European Parliament (EP) is one of the Legislature, legislative bodies of the European Union and one of its seven Institutions of the European Union, institutions. Together with the Council of the European Union (known as the Council and in ...

Foreign Affairs Working group, Ioannis Kasoulides, joined EuroAsia Interconnector on 30 March 2018 as Chairman of the Strategic Council. On 11 September 2018, Dr. Kasoulides received the highest decoration awarded by France – Officer of the Order of the Legion of Honour. In a speech at the public consultation held at the Hilton Cyprus on 2 April 2018, Cyprus Energy Minister Yiorgos Lakkotrypis described the project as ''of particular national geopolitical importance, as it enables Cyprus and Greece to act as bridges of cooperation, linking the eastern Mediterranean with the European Union''. On 8 May 2018, the fourth Cyprus-Israel-Greece tripartite meeting took place in

Nicosia Nicosia ( ; el, Λευκωσία, Lefkosía ; tr, Lefkoşa ; hy, Նիկոսիա, romanized: ''Nikosia''; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaori ...

. Prime Ministers of Greece

Alexis Tsipras Alexis Tsipras ( el, Αλέξης Τσίπρας, ; born 28 July 1974) is a Greek politician serving as Leader of the Official Opposition since 2019. He served as Prime Minister of Greece from 2015 to 2019. Tsipras has led the Coalition of th ...

, Israel

Benjamin Netanyahu Benjamin "Bibi" Netanyahu (; ; born 21 October 1949) is an Israeli politician who served as the ninth prime minister of Israel from 1996 to 1999 and again from 2009 to 2021. He is currently serving as Leader of the Opposition and Chairman of ...

and the President of Cyprus

Nicos Anastasiades Nicos Anastasiades ( el, Νίκος Αναστασιάδης ; born 27 September 1946) is a Cypriot politician who is the current president of Cyprus since 2013. He was re-elected in 2018. Previously, he was the leader of Democratic Rally bet ...

reconfirmed their support to the timely implementation of EuroAsia Interconnector. IPTO and EuroAsia Interconnector had a disagreement on the control of the link connecting Attica and Crete. On 12 July 2018, IPTO and the EuroAsia Interconnector consortium failed to come to an agreement. Prior to the dissagrement IPTO insisted to the creation of a special moving vehicle (SPV) where IPTO would have a majority stake. Following this disagreement IPTO created a subsidiary with name Ariadne Interconnector responsible for the development of the Greek link to Crete. The procurement stage of the project started on 13 February 2018 by notice for construction of Stage 1 with an estimated budget of €3.5 billion, published in the Official Journal of the European Union. A call for four tenders with estimated budget €3.27 billion was published on 17 April 2018 in the Official Journal of the European Union. SigningCeremonyEuroasia

After a series of individual meetings with all successful converter station and cable manufacturers, EuroAsia Interconnector Ltd, as project promoter, has issued tender documents for contracts worth €3.5bn for the design and construction of the EuroAsia Interconnector.. A meeting between the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

and Cyprus authorities took place on February 27, 2019, in

Nicosia Nicosia ( ; el, Λευκωσία, Lefkosía ; tr, Lefkoşa ; hy, Նիկոսիա, romanized: ''Nikosia''; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaori ...

. In a joint communique they have again shown full support for the timely implementation of EuroAsia Interconnector as a Project of Common Interest (PCI) and they recognised EuroAsia Interconnector as the official project promoter. On 6 June 2019, Giorgos Lakkotropis, the Minister of Energy, signed on behalf of the Cyprus government a 33-year land concession agreement for construction of

HVDC converter station An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line.Arrillaga, Jos; High Voltage Direct Current Transmission, s ...

. On July 3, 2019, EuroAsia Interconnector Ltd, project promoter, announced the final stage of tenders for construction of the Euroasia Interconnector. On October 11, 2019 Minister of Environment and Energy

Kostis Hatzidakis Konstantinos (Kostis) Hatzidakis ( el, Κωνσταντίνος (Κωστής) Χατζηδάκης; born 20 April 1965 in Rethymno) is a Greek politician of New Democracy who has been serving as the Minister for Labor and Social Affairs in the ...

on behalf of Government of Greece and Prime Minister said that Greece provides strong political support to the work of Cyprus's electrical interconnection with Greece and Israel as PCI projects, in order to lift Cyprus's electrical isolation and link the island to the European Union's electricity grids. The

Republic of Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ge ...

has issued in July 2020 final building permit for the construction of the

HVDC converter station An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line.Arrillaga, Jos; High Voltage Direct Current Transmission, s ...

in Cyprus. On 8 March 2021, Cyprus, Greece and Israel signed an initial agreement to build the world's largest and deepest submarine power cable that will connect the three Mediterranean countries' power grids to be completed by 2024.

President of the European Commission The president of the European Commission is the head of the European Commission, the executive branch of the European Union (EU). The President of the Commission leads a Cabinet of Commissioners, referred to as the College, collectively account ...

Ursula von der Leyen Ursula Gertrud von der Leyen (; Albrecht, born 8 October 1958) is a German politician who has been serving as the president of the European Commission since 2019. She served in the German federal government between 2005 and 2019, holding suc ...

visited Cyprus on 8. July 2021 and officially presented EU approval for Cyprus plan to spend €1.2 billion under EU Recovery and Resilience Plan. The EuroAsia Interconnector got €100 million funding from EU Recovery and Resilience Plan. On 26 January 2022, the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

approved €657 million under the

Connecting Europe Facility The Connecting Europe Facility (CEF) is a European Union fund established in 2014 for infrastructure investments (in particular the Trans-European Networks) across the union in transport, energy, digital and telecommunication projects, which aims at ...

(CEF) for Euroasia Interconnector. The inauguration ceremony on the start of the construction works of Interconnector held on October 14, 2022 at the Presidential Palace in Nicosia. Ceremony was attended by European Commissioner for Energy

Kadri Simson Kadri Simson (née Must, born 22 January 1977) is an Estonian politician from the Centre Party, European Commissioner for Energy in the von der Leyen Commission since 1 December 2019. She was previously Minister of Economic Affairs and Communica ...

, President of Cyprus

Nicos Anastasiades Nicos Anastasiades ( el, Νίκος Αναστασιάδης ; born 27 September 1946) is a Cypriot politician who is the current president of Cyprus since 2013. He was re-elected in 2018. Previously, he was the leader of Democratic Rally bet ...

, Greek Energy Minister Kostas Skrekas, Cypriot Energy Minister Natasa Pilides and CEO Euroasia Interconnector Nasos Ktorides. Construction is scheduled to start this year and be completed in 2027.

Benefits of EuroAsia Interconnector

EuroAfrica-Interconnector-Project-Director-George

*Ends energy isolation of

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

and connects them to the European network. Cyprus is the last member of EU isolated without energy interconnections. *Ensures secure energy supply of

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

and

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

connecting them with the European network *For new East Mediterranean gas finds enables path towards new markets in the form of electricity. Also enables a path for electricity produced from

renewable energy sources Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

. *Contributes to EU target for 10% of electricity interconnection between member states. *Promotes development of

renewable energy sources Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

and contributes to the reduction of *Offers significant economic and geopolitical benefit to 3 countries. It is expected that socio-economic benefit will be around 10 billion €.

References

{{Reflist

External links

EuroAsia Interconnector – Official site
Electrical interconnectors to and from the Synchronous Grid of Continental Europe Submarine power cables Proposed electric power transmission systems HVDC transmission lines Electric power infrastructure in Israel Electric power infrastructure in Cyprus Electric power infrastructure in Greece Cyprus–Israel relations Cyprus–Greece relations Greece–Israel relations Proposed electric power infrastructure in Asia Proposed electric power infrastructure in Europe

Energy in Cyprus, Greece and Israel

Energy in Cyprus

Energy in Israel

Energy in Greece

Eastern Mediterranean Hydrocarbon Findings

Israeli and Cyprus gas fields

Infrastructure

Configuration for Stage 1

Configuration for Stage 2

Project of EU Common Interest

EU Priority Electricity Highway

Big reduction of emission

History and development

Benefits of EuroAsia Interconnector

See also

References

External links