The benefits

The EuroAfrica is part of the European Union’s energy policy and can receive positive evaluation due its contribution to the energy targets:

- Ends the energy isolation of Cyprus as an EU member state. Cyprus is the last member of the European Union which remains fully isolated without any electricity or gas interconnections. Ending the energy isolation is an important EU objective and ends the energy isolation of Crete.

- Creates the electricity highway from Egypt-Cyprus-CreteGreece to Europe through which the EU can securely be supplied with electricity produced by the gas reserves in Cyprus and Egypt, as well as from the available renewable energy sources (RES), contributing at the same time to the completion of the European internal market.

- Ensures the security of energy of supply of Egypt and of the EU system altogether, through the integration also of the isolated systems of Cyprus and Crete with the Egyptian and European networks and the uninterrupted – multidirectional flow of energy.

- Promotes the substantial development of the RES and contributes to the reduction of the CO2 emissions.

- Offers significant economic and geopolitical benefits to the involved countries and Europe.

- Contributes to the EU target for interconnection between member states.

- Provides significant socio-economic benefits.

10%

of

electricity