New pro­ject for ca­ble firm

Kathimerini English - - Focus -

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.

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