News EuroAsia Interconnector Project

Akritas

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The EuroAsia Interconnector is a HVDC interconnector between the Greek, Cypriot, and Israeli power grids via the world's longest submarine power cable (310 kilometres (190 mi) from Israel to Cyprus and 898 kilometres (558 mi) from Cyprus to Greece, for a total of 1,208 kilometres (751 mi))
HVDC is a project for long-distance transmission have two (or rarely, more) converter stations and a transmission line interconnecting them.
The project will involve the construction of four voltage source converters (VSC) type HVDC convertor stations, one each in Israel, Cyprus, Crete, and Attica. Each converter station will have an associated sea-electrode.

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.

Estimated to cost €3.5bn ($3.9bn), the first stage development of the interconnection project will have a transmission capacity of 1GW, which is planned to be increased to 2GW in the next stage.
The interconnector is expected to commence partial operations in 2022, while the full-scale operations of the phase one are expected to begin by the end of 2023.

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Akritas

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The European Commission proposed and the Member States of the European Union agreed to allocate €1.037 billion to five cross-border infrastructure projects selected under the Connecting Europe Facility (CEF) specifically related with trans-European energy networks.

Most of the funds, comparatively, namely 657 million Euros, will be allocated to the EuroAsia Interconnector project, the project of the electrical interconnection of Israel, Cyprus and Greece through a submarine power cable.

The first part of the project is the connection between Cyprus and Greece and the 2nd between Israel and Cyprus.


 
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