News

Athens/Nicosia, October 6, 2023 – EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10) and the Independent Power Transmission Operator (IPTO) of Greece, announce they have reached an agreement for the designation of IPTO as Project Promoter of the Electricity Interconnection between Greece, Cyprus and Israel, In this context, the two companies have jointly informed the European Commission, as well as the governments.

Energy security and ending the energy isolation of Cyprus Reduction of electricity bills for consumers Increase in the use of RES renewables and reduction in the cost of CO2 emissions Nicosia – 25 July 2023 – The benefits from the construction and operation of the EuroAsia Interconnector, connecting the national electricity grids of Israel, Cyprus and Greece (Crete) with Europe, will be significant and ongoing. Construction of the EuroAsia Interconnector will end the energy isolation of Cyprus.

EuroAsia Interconnector has awarded Nexans with the turnkey contract engineering, construction and installation of the HVDC Cable Systems for the Cyprus-Greece link of the EuroAsia Interconnector The interconnector will deliver up to 2,000 MW of energy at stage 2 to Europe and will be the largest submarine electricity interconnector in history, supplying over 3 million homes with electricity The Nexans submarine cable contract, valued at €1.43 billion.

Nicosia, February 10, 2023 – CONTRACT NOTICE – Provision of Owner’s Engineer Services for the Cyprus – Greece (Crete) Link Invitation