Pros­per­ity and se­cu­rity of three coun­tries and an en­tire con­ti­nent

Financial Mirror (Cyprus) - - FRONT PAGE -

This is a spe­cial mo­ment. A mo­ment that marks four years of in­tense plan­ning, hard work and de­ter­mi­na­tion. To­day, the coun­tries of Is­rael, Cyprus and Greece and the Euro­pean Union cel­e­brate an­other de­ci­sive step to­wards the re­al­i­sa­tion of a dream. A dream that in Jan­uary of 2012 be­gan as just three con­nect­ing lines on a map.

Since the EuroAsia In­ter­con­nec­tor project was pub­licly an­nounced, we have had to deal with many chal­lenges. This is an enor­mous, mul­ti­di­men­sional project that stretches the lim­its of tech­nol­ogy, there­fore nec­es­sary es­ti­mate ad­just­ments and mod­i­fi­ca­tions of our orig­i­nal plan­ning were dealt with sev­eral times. But we kept our de­ter­mi­na­tion, we fo­cused on our goal and here we are to­day; ac­knowl­edged by the Euro­pean Union as a Project of Com­mon In­ter­est (PCI). With the Euro­pean Union’s sup­port we have reached to­day’s mile­stone by as­sign­ing th­ese three im­por­tant stud­ies to two world-known or­gan­i­sa­tions.

We are happy to ac­knowl­edge that the EuroAsia In­ter­con­nec­tor may be­come fa­mous for its mag­ni­tude and ad­vanced tech­nol­ogy, but what is at the heart of this project is the pros­per­ity and se­cu­rity of three coun­tries and an en­tire con­ti­nent.

The project ben­e­fits are real and tan­gi­ble. They are in line with the Euro­pean and na­tional en­ergy pol­icy and tar­gets. They in­clude a sig­nif­i­cant re­duc­tion in CO2 emis­sions, in­te­gra­tion of Re­new­able En­ergy Sources and in­creased se­cu­rity of sup­ply.

Most im­por­tantly, the project ends the en­ergy iso­la­tion of Cyprus, the only mem­ber of the Euro­pean Union that re­mains fully iso­lated with­out elec­tric­ity in­ter­con­nec­tion. At the same time, it is im­por­tant to note that the EuroAsia In­ter­con­nec­tor ends the en­ergy iso­la­tion of Crete and Is­rael.

The project will es­sen­tially cre­ate an elec­tric­ity high­way be­tween Is­rael-CyprusCrete-At­tica, with an un­in­ter­rupted, mul­ti­di­rec­tional flow of en­ergy.

From early on, the Euro­pean Union ac­knowl­edged the sig­nif­i­cance of the project by in­clud­ing it in the first list of PCIs. Fur­ther­more, the pos­i­tive as­sess­ment of the project’s so­cioe­co­nomic ben­e­fits by ENTSOE lead to the project’s in­clu­sion in the Euro­pean Ten-Year Net­work De­vel­op­ment Plan 2014-2020. We are very proud that the EuroAsia In­ter­con­nec­tor has been in­cluded in the sec­ond PCI list and is among the few projects sug­gested for in­clu­sion in the Elec­tric­ity High­way pro­gramme.

Car­ry­ing out a project of this mag­ni­tude de­mands a team of peo­ple ded­i­cated, com­mit­ted and well or­gan­ised. It also re­quires close co­op­er­a­tion with all in­volved or­gan­i­sa­tions, au­thor­i­ties and highly spe­cialised ex­ter­nal con­sul­tants. The Project Team and I are grate­ful for this close and smooth co­op­er­a­tion and their sup­port which en­abled us bring the project to this ma­tu­rity level. I can as­sure you that, we will con­tinue im­ple­ment­ing this project with ap­pro­pri­ate dili­gence and a high level of re­spon­si­bil­ity re­spect­ing the Euro­pean and Na­tional Reg­u­la­tions.

Fol­low­ing the ap­proval for fund­ing from the Con­nect­ing Europe Fa­cil­ity an in­ter­na­tional com­pe­ti­tion was an­nounced and up­loaded to the EU’s web­site. The com­pe­ti­tion car­ried out with com­plete trans­parency and at­tracted the in­ter­est of 35 In­ter­na­tional well known or­gan­i­sa­tions. We are grate­ful and would like to thank each and ev­ery one of them.

We would like to con­grat­u­late Gian­luca Marini, So­lu­tions and Ser­vices Di­vi­sion Di­rec­tor of CESI for the tech­ni­cal and tech­no­log­i­cal study and the en­vi­ron­men­tal stud­ies, and Pi­etro Basciano, CEO of G.A.S. for the re­con­nais­sance sur­vey . We are cer­tain that th­ese com­pa­nies will not only meet our stan­dards but also add con­sid­er­able value to this project as they have pre­vi­ous ex­pe­ri­ence in the area of HVDC sub­ma­rine in­ter­con­nec­tions.

Af­ter the com­ple­tion of th­ese stud­ies we can pro­ceed for­ward to the pre-works phase which leads to the im­ple­men­ta­tion of this project. This will be our next move.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.