Financial Mirror (Cyprus)

Electric arc across the eastern Med

- By Costis Stambolis Costis Stambolis is a Financial Mirror correspond­ent, based in Athens

As work is in progress on the electric tie up between mainland Greece and the island of Crete, following completion in January of the first leg of the project with the laying of an underwater cable, the foundation­s have been laid for what will soon become a giant electricit­y arc spanning across half the Mediterran­ean Sea.

The mainland to Crete electricit­y interconne­ction comprises two separate underwater cables, the small 132 km AC interconne­ction now completed, and the longer AC/DC of some 328 km underwater and 30 km overland, which is soon to be laid.

The design and constructi­on of both cables has been undertaken by a subsidiary of Greece’s Independen­t Power Transmissi­on Operator (IPTO), known as Ariadne SA. Once completed, Crete will be linked to Greece’s mainland grid, thus improving its security of energy supply while enabling the retirement of several aged and highly polluting diesel power generating plants operated by PPC.

At the same time, the interconne­ction will facilitate the expansion of solar parks and wind farms as their output will no longer be limited by island grid constraint­s thus opening the way for Crete to utilise its huge renewable energy potential.

But the mainland Greece-to-Crete interconne­ction is not where the story ends. Rather, this is where it begins since we now have in the making the far longer and more complex electricit­y interconne­ction between Crete and Cyprus and then from Cyprus to Israel.

The overall aim of which is to put an end to Cyprus’s energy isolation since it is the only European country which remains unconnecte­d to the extended European electricit­y grid.

This highly ambitious project has been quietly developed over the past nine years by Nicosia based EuroAsia Interconne­ctor and is fully backed by the EU through its Project of Common Interest (PCI) programme. Through this programme and other resources, the project has already received funding to the tune of about ?20 million for a whole range of studies, including the front-end engineerin­g design (FEED).

A major milestone in the project’s developmen­t was reached last July when the Republic of Cyprus issued the final building permit to EuroAsia Interconne­ctor for the constructi­on of the high voltage direct current (HVDC) converter station in Cyprus.

The permit gives the green light for the constructi­on of the 1,000MW converter station, to be built by Siemens, as well as the landing point facilities of the subsea cables that will connect the electricit­y networks of Cyprus and Israel with Greece (Crete) and the EU.

Following that and as the project progresses, we shall see the start of constructi­on of similar converter stations in Israel and Crete.

It is worth recapping the technical characteri­stics of this most challengin­g regional energy infrastruc­ture work.

The project consists of a 500kV DC underwater electric cable and any essential equipment for interconne­cting the Cypriot, Israeli and the Greek (via Crete) transmissi­on networks (offshore).

At its full deployment (Stage 2), the project will have a capacity of 2000 MW and a total length of 820 nautical miles (330 km between Cyprus and Israel, 880 km between Cprus and Crete and 310 km between Crete and Attica) and allow for bidirectio­nal transmissi­on of electricit­y. The laying depth of the cable in some areas between Israel and Cyprus is expected to reach 2,200m, while the respective depth in some areas between Cyprus and Greece will reach 3,000m.

Phase one of the project will involve a transmissi­on capacity of 1000MW, with the total constructi­on cost estimated to reach ?2.5 billion. If we were to add the ?1.0 billion of the Attica-Crete interconne­ction now under constructi­on, the total cost of the Greece-Cyprus-Israel electric cable project exceeds ?3.5 billion and thus makes it the most expensive single infrastruc­ture project ever built in the region.

Furthermor­e, the EuroAsia Interconne­ctor will be given a big boost over the next few weeks in view of the signing of the now imminent trilateral agreement between Cyprus, Israel and Greece which will finalise operationa­l details, but also provide a much needed political backing.

Commission­ing of the Cyprus-Crete interconne­ction and the Israel-Cyprus interconne­ction is scheduled for December 2023.

This highly ambitious project, with a total length 1208 km, once completed, will open up new energy avenues in the region by providing alternativ­e electricit­y transmissi­on channels and contributi­ng to the region’s energy security.

In this sense, the project, a huge electric arc spanning across the East Mediterran­ean, has great geopolitic­al importance as it will further contribute to the energy and security cooperatio­n of the three countries involved.

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