Insider Business EuroAsia Interconnector construction to begin

EuroAsia Interconnector construction to begin

The Planning and Housing Bureau of the Republic of Cyprus has approved the planning permit for which EuroAsia Interconnector Limited, the official project promoter of the European Project of Common Interest PCI 3.10 Israel-Cyprus-Greece, had submitted a relevant application, paving the way to begin construction of the HVDC converter station in Kophinou.

The planning permit pertains to the construction of the high voltage direct current (HVDC) converter station with a capacity of 2,000 MW, as well as the landing points of the subsea cable that connects the electricity networks of Cyprus and Israel with Greece and the EU.

The official project promoter of the European Project of Common Interest PCI 3.10 EuroAsia Interconnector remains committed and is working intensively for the timely implementation of the entire PCI project within the framework of the TEN-E regulation, as has been approved by the European Commission and the states of Cyprus, Greece and Israel.

In June, the 33-year land lease agreement was signed at the Ministry of Energy, Commerce and Industry in Nicosia, for the construction of the HVDC converter station in Kophinou, with the project promoter having the option to renew the lease for two more periods of 33 years each, while the necessary environmental, technical and other studies have already been completed and the relevant permits received from the Cyprus authorities.

The construction cost for the first phase of the Israel-Cyprus-Greece interconnection with a transmission capacity of 1,000MW is estimated at €2.5 b, with significant social and economic benefits for all the countries involved. The Cyprus-Greece interconnection PCI 3.10.1 will be commissioned by December 2023 and parallel to this, the Israel-Cyprus electricity interconnector PCI 3.10.2 will also be completed by December 2023.

The EuroAsia Interconnector is of particular importance for the involved states and the European Union as it comprises an integral part of its energy security and contributes towards the energy targets by lifting the energy isolation of Cyprus, the last EU member state that remains fully isolated without any electricity energy interconnection.

As a leading European Project of Common Interest, labelled by the European Commission as an ‘electricity highway’, the EuroAsia Interconnector electricity link PCI 3.10 Israel-Cyprus-Greece is eligible for grants from the €8.7 b fund of the “Connecting Europe Facility” (CEF).

 

Top Stories

Meghan loses latest court battle with UK tabloid newspaper

Meghan, Britain's Duchess of Sussex, has lost the latest skirmish in her privacy lawsuit against a tabloid newspaper, after London's High Court ruled on...

Armenia’s defence ministry says warplane shot down by Turkish F-16 fighter jet

A Turkish F-16 fighter jet shot down an Armenian SU-25 warplane over Armenian territory on Tuesday, killing the pilot, an Armenian defence ministry spokeswoman...

Greek, Italian and French officials to hold talks with Petrides during visits

Greek Minister of National Defence Nikos Panagiotopoulos, accompanied by the Chief of the Hellenic National Defence General Staff Konstantinos Floros, Chief of Defence Staff...

Employers – clients determine working time of 74% of workforce in Cyprus

In 2019, the employer, organisation or clients mainly decided on the working time of almost 118 million of the 194 million employed people aged...

Syllouris expresses solidarity and support to the Armenian people

Cyprus House President Demetris Syllouris expressed feelings of sincere solidarity and fraternal support to the Armenian people during a telephone conversation he had on...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...