Financial Mirror (Cyprus)

Interconne­ctor starts to take shape

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On-site inspection­s have taken place of the cable landfall area near Haifa, in Israel, from where the ambitious multi-billion EuroAsia Interconne­ctor project will be launched, with Cyprus expected to join the grid and receive electricit­y from the world’s longest sub-sea cable in 2019.

The project, expected to cost about 4 bln euros by its completion in 2022, will also connect Cyprus to Greece, via Crete, thus ending the energy isolation of outer-lying Greek islands, while Israel will also embark on a new era of energy security, as the Interconne­ctor will also the import of electricit­y in times of crisis.

George Killas, Project Director of the joint venture between DEH Quantum Energy and the Israel Electric Corporatio­n Ltd. (IEC) and Dr. David Elmakias, the IEC Senior Vice President of Planning, Developmen­t and Technology, who is the IEC’s EuroAsia Project manager, inspected the cable landfall area (Joint-Pit) in Hadera. They later reviewed progress in the project so far and its benefits to the partner countries and the European Union.

The Interconne­ctor is a European Project of Common Interest (PCI) and consists of a 400 kV DC underwater electric cable interconne­cting the Cypriot, Israeli and the Greek transmissi­on networks.

It will have a capacity of 2000 MW and a total length of around 820 nautical miles or 1518 km (329 km between Cyprus and Israel, 879 km between Cyprus and Crete and 310 km between Crete and Athens) and allow for the bidirectio­nal transmissi­on of electricit­y between connected countries.

The project will end the energy isolation of Israel, Cyprus and Crete, enhance security of supply and enable developmen­t for generation from renewable energy resources. In addition, the project will give Israel the opportunit­y to export electricit­y.

Three studies for the Technical/Technologi­cal Study, the Reconnaiss­ance Survey and the Environmen­tal Studies/EIA, have all been approved European Union.

The project will also allow Cyprus to meet interconne­ction targets allowing at least 10% of its installed electricit­y output to be available across borders. In March, twelve EU member states, including Cyprus, missed this target.

According to George Markopouli­otis, the Head of the EC Representa­tion in Cyprus, the Commission has drawn up a list of 137 electricit­y projects, including 35 that aim on electricit­y interconne­ction.

The project standing out for Cyprus is the EuroAsia Interconne­ctor. Such projects may access the 5.85 bln euro fund for the “Connecting Europe” facility and, according to Markopouli­otis.

He said that the first round of funding, worth 647 mln euros, includes the leg of the EuroAsia Interconne­ctor project that will link between Hadera in Israel and Vassilikos in southeaste­rn Cyprus. The project has been allocated 1.3 mln euros for a feasibilit­y study, while two more Cypriot projects figure in the list, comprising the electricit­y interconne­ction of Cyprus and Crete and a set of gas projects, including the pipeline and the LNG storage facility in Vassilikos.

Markopouli­otis said that “Energy Union is a top priority for President Juncker”, adding that energy-related problems can only be effectivel­y dealt with though coordinate­d action at the European level.

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