* Construction of the EuroAsia Interconnector for the Israel-Cyprus-Crete-Attica ‘electricity highway’ to begin in 2017 *
The official operator of the EuroAsia Interconnector electricity connection, a project approved and supported by the European Commission, announced that the technical and economic studies have successfully concluded and work on the 1520km ‘electricity highway’ that will secure international energy supply will begin in 2017.
The seabed reconnaissance survey has been successfully completed, as have other depth studies along the entire length of the Israel-Cyprus-Crete-Attica Electricity Highway, stretching 1520 km, which have indicated the ideal route for the laying of the EuroAsia Interconnector electricity cable. The survey was conducted by the Italian research vessel Odin Finder.
The technical and technological surveys have also been completed, conducted by CESI, the leader in its field, and recommended the ideal choice for the necessary technology.
The Environmental Studies are now in their final stage to determine the ideal locations for both the overland and undersea sections where the converter stations will be located, as well as all other necessary infrastructure facilities.
The operator of the interconnector has also conducted a Cost Benefit Analysis (CBA) that has indicted significant social and economic benefits to all the economies and communities involved, reaching an estimated 10 bln euros.
Enjoying the unwavering support of the three partner governments of Cyprus, Greece and Israel, the operator is continuing unabated with the implementation of the EuroAsia Interconnector in accordance to the agreed schedules.
Construction work will begin in 2017 with completion of the first section (Cyprus-Israel) in 2019, the second section (Crete-Attica) in 2020 and the final section of Cyprus-Crete in 2022.
The EuroAsia Interconnector ‘electricity highway’ between Israel-Cyprus-Crete-Attica is a major European Commission Project of Common Interest (PCI) and has been included among the most significant ‘electricity highway’ projects of the European Union.
The EuroAsia Interconnector will establish the first electricity corridor between the eastern Mediterranean and the European Union, ending the energy isolation of Cyprus, as well as Crete and Israel, and will vastly contribute to energy supply and security in the region.
