![]() ![]() The European Union has recognised the cable as a "Project of Common Interest", categorising it as a project it is willing to partly finance. ![]() 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. 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. 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." “And we have to take all our knowledge, all our engineering and entrepreneurial spirit that we have to innovate, to bring about the innovative technologies, to work to fight climate change, to make this world a better place, and to hand it over to our children with still a spring, a summer, a fall and a winter to experience.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. “This is the big looming crisis in the background. ![]() “It is a great example of democracies sticking together not only in times of conflict but mostly to fight this huge enemy we have, and that is climate change. And this infrastructure will also contribute to decarbonising our energy mix. “This is an investment in both Europe’s and Israel’s energy security. “And the second is a natural gas and clean hydrogen pipeline in the Eastern Mediterranean. Von der Leyen said Israel has “an abundance of these natural resources to produce renewable energy. The EuroAsia Interconnector is a Project of Common Interest (PCI3.10) and included in the Union list of PCI infrastructures since 2013. In January, the European Union earmarked 657 million euros for the construction of the 2,000-megawatt EuroAsia Interconnector subsea electricity cable that will link the power grids of Israel, Cyprus and Greece, utilising funds from the ‘Connecting Europe Facility’. That is where the investment has to go into.” “This will over time be electrification from renewable energies. “We have two major projects in preparation: the world’s longest and deepest underwater power cable, connecting Israel with Cyprus and Greece. She added this will be achieved through the EuroAsia Interconnector electricity link, co-funded by the EU, and a hydrogen-natural gas pipeline in the eastern Mediterranean.ĭuring the Honorary Doctorate degree ceremony at the Ben Gurion University of the Negev on Tuesday, von der Leyen said, “we are now exploring ways to step up our energy cooperation with Israel. i24 News - Israel, Cyprus, and Greece on Monday signed an initial agreement on laying the world's longest undersea power cable linking their electricity grids. Nicosia, J– Tapping into Israel’s vast renewable sources of energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during her visit to Israel, highlighting the importance of Cyprus and Greece in securing energy supply. Ursula von der Leyen: EuroAsia Interconnector, Cyprus, Greece and Israel will help free EU from energy dependence 14 June 2022 ![]()
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