![]() The EuroAia Interconnector project involves the laying of around 1,200 kilometre of undersea cable with 2,000 Megawatt capacity, from Israel to Cyprus, and to the Greek island Crete.Įlectricity from renewable sources in Israel, and later from Egypt, could be transferred to other EU countries through the Greek grid. Israel, Cyprus to link power grids: The two countries energy ministers aim to sign an MOU at COP 28 at the end of the year, and also seek to end the dispute over the Aphrodite gas field. NICOSIA, Cyprus The European Union has earmarked 657 million euros (736 million) for the construction of a 2,000-megawatt undersea electricity cable that will link the power grids of. ![]() The project is expected to complete by the end of 2026, the statement said.Ī second interconnector between Egypt and Europe through Cyprus is also envisaged in the future. The project, with estimated construction costs of 1.57 billion euros for the first phase, has received a 657 million euros EU grant under the Connecting Europe Facility (CEF) and has also been awarded a 100 million euros grant from the EU’s Recovery and Resilience Facility, according to a statement issued by the European Commission on Friday. The EuroAsia Interconnector will link up the electricity grids of Israel, Cyprus and Greece, and will also transfer electricity from renewable sources in Israel to Europe, Xinhua news agency reported. The East Med gas pipeline and a subsea electricity grid interconnection to link Israel with Greece and Cyprus, projects whose prospects have grown as a. Cyprus hopes to develop plans for a pipeline linking it to Israels east Mediterranean gas fields during talks which start next month, the islands top energy official told Reuters. March 31, 2023, 5:34 AM NICOSIA, Cyprus - The eastern Mediterranean can provide a key energy corridor to Europe through a planned electricity cable connecting the power grids of Cyprus, Greece and Israel and a potential natural gas pipeline, the three countries' top diplomats said Friday. 220kV and higher 110 kV to 150 kV in the areas of Cyprus, Denmark, Iceland, Iceland, Israel/PA and Norway 110 kV to 150 kV if these lines cross national. ![]() Kombos said a 2,000-megawatt undersea electricity cable known as the EurAsia Interconnector and the proposed EastMed gas pipeline “remain two significant strategic options on our energy agenda.The construction of an electricity link between Asia and Europe was launched at an event in Cyprus.Įuropean Commissioner for Energy Kadri Simson and Cypriot President Nicos Anastasiades attended the event in Nicosia, which marked the start of the 2.5 billion euro ($2.4 billion) project. The Cypriot foreign minister has underscored that the projects have gained added weight and urgency in light of Russia’s war against Ukraine and the “need for energy diversification and increased interconnectivity.” Work hasn’t started on either the cable - which will be partly funded by the European Union - or the gas pipeline, which has been under discussion for years but is still at the feasibility study stage. Cyprus’ energy minister says the European Union has earmarked 657 million euros (736 million) for the construction of a 2,000-megawatt undersea electricity cable linking the power grids of. “We strive to promote a reliable and sustainable energy corridor from the Eastern Mediterranean basin to Europe.” Cisco delivers innovative software-defined networking, cloud, and security solutions to help transform your business, empowering an inclusive future for. “Unlocking the full potential of our region will be a game changer,” Cypriot Foreign Minister Constantinos Kombos told a news conference. NICOSIA Cyprus launched an EU-funded project on Friday to link the eastern Mediterranean island to the European electricity grid via an undersea power cable billed as the world’s longest. ![]() The next issue of Financial Post Top Stories will soon be in your inbox. The project aims to connect the electricity grids of Israel, Cyprus, and Crete in Greece through a 2,000-megawatt undersea cable. JERUSALEM, March 8 (Reuters) - 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. ![]() If you don't see it, please check your junk folder. ![]()
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