Stage prior to pre-works phase

Financial Mirror (Cyprus) - - FRONT PAGE -

Also present were Andreas Ket­tis, Head of the Euro­pean Par­lia­ment Of­fice in Cyprus and the am­bas­sadors and di­plo­mats from Greece, Is­rael and Italy.

The am­bas­sador of Greece to Cyprus, Elias Fo­topou­los, con­veyed the mes­sage of the Min­is­ter of En­ergy Panos Sk­ourletis un­der­lin­ing the sig­nif­i­cance of the EuroAsia In­ter­con­nec­tor for the coun­try and he em­phat­i­cally stated that the Greek gov­ern­ment whole­heart­edly sup­ports the project.

The con­tract for the “Tech­ni­cal/Tech­no­log­i­cal Study for the De­sign of the EuroAsia In­ter­con­nec­tor” was signed by Ge­orge Kil­las and Gian­luca Marini, So­lu­tions & Ser­vices Di­vi­sion Di­rec­tor (CESI S.p.A).

The con­tract for the “Re­con­nais­sance Sur­vey to De­ter­mine the Pre­ferred Route for the EuroAsia In­ter­con­nec­tor” was signed by Athana­sios Sti­varos, Tech­ni­cal Di­rec­tor of the EuroAsia In­ter­con­nec­tor and Pi­etro Basciano, CEO (GAS S.r.l).

The con­tract for the “En­vi­ron­men­tal Stud­ies / En­vi­ron­men­tal Im­pact As­sess­ment Study (EIA) for the Con­struc­tion of the EuroAsia In­ter­con­nec­tor” was signed by Na­sos Ktorides and Gian­luca Marini, Di­vi­sion Di­rec­tor (CESI S.p.A).

Af­ter the sign­ing cer­e­mony, Gian­luca Marini said that “we are ex­cited to be in­volved with this ‘elec­tric­ity high­way’ that will help the united Euro­pean en­ergy mar­ket cope with an in­creas­ingly vari­able and de­cen­tralised elec­tric­ity sup­ply and flex­i­ble elec­tric­ity de­mand. The tech­ni­cal sur­vey for the de­sign of the EuroAsia In­ter­con­nec­tor, as well as the en­vi­ron­men­tal im­pact study awarded to CESI S.p.A will also prove the ca­pa­bil­ity of Euro­pean-made in­no­va­tion and sel­f­re­liance in a highly com­pet­i­tive global mar­ket.”

Pi­etro Basciano of GAS S.r.l added that “the re­con­nais­sance study to de­ter­mine the pre­ferred route of the EuroAsia In­ter­con­nec­tor in­volves one of the most chal­leng­ing sub-sea ter­rains of the Mediter­ranean. And so, this in it­self is a chal­lenge to us and we thank the project pro­mot­ers for choos­ing us for this vi­tal as­pect of the In­ter­con­nec­tor.”

The ca­ble is ex­pected to be laid at a depth of up to 2612 me­tres be­low the sea and the part­ners are con­sid­er­ing ex­pand­ing the project af­ter its com­ple­tion in or­der to dou­ble its ca­pac­ity.

Na­sos Ktorides, the driv­ing force be­hind the project, said that “the fact that the EuroAsia In­ter­con­nec­tor ful­fils the gen­eral cri­te­ria of the Projects of Com­mon In­ter­est (PCI) plan and has been pro­posed by the Euro­pean Com­mis­sion to be la­belled as an elec­tric­ity high­way, proves the sig­nif­i­cance of the project and the ben­e­fi­cial im­pact it will have on fu­ture gen­er­a­tions of Euro­pean con­sumers seek­ing cheaper, ef­fi­cient and low-car­bon emis­sion en­ergy.” It is es­ti­mated that the ex­pected so­cial eco­nomic ben­e­fit from the EuroAsia In­ter­con­nec­tor will be 10 bln eu­ros.

Ge­orge Kil­las added that the project has been as­sessed by ENTSO-E based on the pre­de­fined method­ol­ogy for Cost Ben­e­fit Anal­y­sis (CBA) with pos­i­tive re­sults, and has thus been in­cluded in the Ten-Year Net­work De­vel­op­ment Plan (TYNDP) 2014-2020. The pos­i­tive as­sess­ment of the project is an i mpor­tant con­di­tion for fur­ther sup­port for its im­ple­men­ta­tion by the EU, since sig­nif­i­cant ben­e­fits arise from the im­ple­men­ta­tion.

Work on the ini­tial 329-kilo­me­tre ca­ble link be­tween Is­rael and Cyprus is ex­pected to be­gin in 2017 and be com­pleted in 2019. The sec­ond phase will con­nect the is­land of Crete to At­tica in main­land Greece in 2020 and the third and fi­nal phase will con­nect the ca­ble from Cyprus to Crete with a view of full im­ple­men­ta­tion of the “elec­tric­ity high­way” by 2022.

The ex­pected cost of step one and step two of the project is 1.5 bln eu­ros and will be un­der­taken in full by EuroAsia In­ter­con­nec­tor.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.