The world's longest submarine power cable will connect the Greek, Cypriot and Israeli power grids with the construction of the EuroAsia Interconnector.
The start of construction works of the EuroAsia Interconnector's Cyprus-Crete segment will be marked by a ceremony that will be held at the Presidential Mansion at Nicosia, at 19:00 this Friday, 14 October.
The ceremony will be attended by President of Cyprus Nicos Anastasiades, Cypriot Minister of Energy, Commerce & Industry Natasa Pilidou, Greek Energy & Environment Minister Kostas Skrekas, and EU Commissioner for Energy Kadri Simson.
The EuroAsia Interconnector is a proposed HVDC interconnector between the Greek, Cypriot, and Israeli power grids via the world's longest submarine power cable (310 kilometres (190 mi) from Israel to Cyprus and 898 kilometres (558 mi) from Cyprus to Greece, for a total of 1,208 kilometres (751 mi)).
Connecting Kofinou, Cyprus to Hadera, Israel and Korakias, Crete, Greece and slated to finish construction in 2025, the EuroAsia Interconnector is a major Project of Common Interest of the European Union and a priority Electricity Highway Interconnector Project, as an energy highway bridging Asia and Europe. Regulatory approval of electricity interconnection between Cyprus and Greece was completed on October 10, 2017.
According to ENTSO-E's analysis, the interconnector will contribute to social and economic welfare between €580m and €1.12 billion in each year. ENTSO-E calculated that expected reduction of CO2 is between 1.3 and 6.8 million tonnes each year, or between 21% and 110% of total emissions of Cyprus.[Wiki]