The official EuroAsia Interconnector electricity connection operator, a project approved and supported by the European Commission, announced on Wednesday that technical and economic studies have successfully concluded.
Construction work on the 1,520km ‘electricity highway’ that will secure international energy supply is expected to begin in 2017.
The first section (Cyprus-Israel) is expected to be completed in 2019, the second section (Crete-Attica) in 2020 and the final section of Cyprus-Crete in 2022.
The EuroAsia Interconnector has been designed to establish the first electricity corridor between the eastern Mediterranean and the EU, ending the energy isolation of Cyprus, Crete and Israel, and will vastly contribute to energy supply and security in the region, reported CNA English.
The Technical Studies carried out by Italy’s CESI S.p.A., as well as the Reconnaissance Survey executed by Italy’s GAS S.r.l., concluded the following:
– Electricity network interconnection between Israel, Cyprus, Crete and Attica is technically feasible;
– All four surveyed locations have been considered technically and environmentally suitable;
– Submarine cables can be manufactured with a higher voltage level up to 500kV and with improved technical characteristics which allow for the cables to be laid at depths of up to 3,000m;
– Based on the route survey performed by Italian flagged R/V Odin Finder, a feasible corridor was designed to allow the 1,000MW cable to be laid at depths of up to 3,000m.
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, reported CNA English.
The interconnector’s operator, considered a EU ‘Project of Common Interest’, also conducted a ‘Cost Benefit Analysis’ that indicted significant social and economic benefits to all the economies and communities involved, reaching an estimated 10 billion euros.
Enjoying unwavering support from the three partner governments of Cyprus, Greece and Israel, the operator announced on Wednesday that it will be continuing unabated with the EuroAsia Interconnector’s implementation in accordance with the agreed schedules.