Nexans Norway was selected in July 2022 as he preferred bidder for the award of the contracts for the engineering, procurement, construction and installation of the two HVDC cable systems for the first phase of the interconnector. In January 2022, EU countries agreed to invest €657m in the project under the Connecting Europe Facility (CEF). By: JNS - MaIsrael, Cyprus and Greece on Monday signed a memorandum of understanding regarding a project to link their power grids via the construction of the world’s longest and deepest undersea power cable. The 760 million (900 million) Euro-Asia interconnector project. The interconnector secured a €100m grant from the European Commission in July 2021. Cyprus, Greece, and Israel pledged on Monday to build the worlds longest undersea power cable and link their electricity grids. Its total offshore length is 1208 km (310 km Cyprus to Israel, 898 km Cyprus to Crete), while its onshore length is 25 km. At full deployment, the 500 kV interconnector will allow the transfer of 2,000 MW. Cyprus, Israel, and Greece on Monday signed a trilateral accord paving the way for constructing a 2.5 billion electricity cable linking their power grids to Europe and Asia. The project, listed under the fifth EU list of Projects of Common Interest (PCI), is a multi-terminal high-voltage, direct current scheme which will connect the transmission networks of Greece, Cyprus and Israel, and will comprise three converter stations with sea-electrodes, interconnected by cables. As a second phase, once the Cyprus to Crete project is completed, an electricity link between Cyprus and Israel will be constructed. JERUSALEM (Reuters) - Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean. Commissioning is scheduled by the end of 2026. Cyprus is the last non-interconnected EU member state. Cyprus, Greece and Israel on Monday signed an initial agreement to build the world's longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about 900 million and link their electricity grids. Israel, Greece and Cyprus have forged a regional alliance based on energy as the three countries also aim to explore and exploit natural gas resources.Greece and Cyprus have started building the first phase of the EuroAsia interconnector, which will consist of a 1,000 MW undersea cable connecting the electricity grids of the two countries via Crete. The power cable would boost "energy security" for Europe and end the isolation of Cyprus as the only non-interconnected EU member state. The European Commission had acknowledged it as a key "Project of Common Interest", making it eligible for EU financing. The first phase is expected to be operational by 2025, linking the three countries to energy grids in Asia and Europe, said Pilides. The project aims to connect the electricity grids of Israel, Cyprus, and Crete in Greece through a 2,000-megawatt undersea cable. significantly increase reliance on solar power generation". NICOSIA, Cyprus (AP) The European Union has earmarked 657 million euros (736 million) for the construction of a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday. NICOSIA, Cyprus Israel, Cyprus and Greece on Monday signed an initial agreement on laying the world’s longest undersea power cable linking their electricity grids. Steinitz said it would allow Israel "to receive electricity backing from the power grids of the European continent in times of emergency and. It was a "major step forward" in integrating renewable energy sources, they said, without giving cost estimates.
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