New project for cable firm
Hellenic Cablesis set to participate in a project connecting the Israeli, Cypriot and Greek power grids via undersea cable. The design for the EuroAsia Interconnector project has already been included in the European Union’s Projects of Common Interest.
The first phase of the project involves connecting Crete with Athens and Cyprus with Israel, while the second phase will see the linking of Crete with Cyprus. The cable will transfer electricity produced from natural gas in both directions.
Hellenic Cables currently exports to 50 countries. The management strategy is to sign contracts with international companies distributing electricity and natural gas.