EuroAsia Interconnector
| EuroAsia Inteconnector | |
|---|---|
| Location | |
| Country |
Israel Cyprus Greece |
| Ownership information | |
| Partners |
DEH Quantum Energy Bank of Cyprus |
| Operator | DEH Quantum Energy |
| Construction information | |
| Expected | 2016 |
| Technical information | |
| Type | Submarine power cable |
| Type of current | HVDC |
| Total length | 1,000 km (620 mi) |
| Power rating | 2,000 MW |
The EuroAsia Interconnector is a proposed interconnector to link Greek, Cypriot and Israeli power grids via the world's longest submarine power cable.[1]
Description
The 287-kilometre (178 mi) cable will link Israel with Cyprus.[2][3] Cyprus will be connected with the Greek island of Crete. From Crete, an existing cable will be used for connection to Peloponnese in mainland Greece providing a connection to the pan-European electricity grid.[3][4] If built, the total length of the interconnector will be about 540 nautical miles (1,000 km; 620 mi) and it would be laid depths of up to 2,000 metres (6,600 ft) under sea level. It will have a capacity to transmit 2,000 megawatts of electricity in either direction.[5] It is expected to cost €1.5 billion, of which €500 million is the cost of the Israel–Cyprus link.[5]
A memorandum of understanding for conducting the feasibility study was signed in Jerusalem on 4 March 2012 between the project company, DEH Quantum Energy, and the Israel Electric Corporation. The feasibility study should be completed by the end 2012.[3][5] If the investment decision will be positive, the project could be launched as early as 2013. The project is expected to be completed within 3 years from the beginning of construction.[5]
Project company
The project will be funded and developed by DEH Quantum Energy, a joint venture established in 2011. It consists of Greece's DEH, Cyprus's Quantum Energy and Bank of Cyprus as a minority shareholder.[1][4]
See Also
References
- ↑ 1.0 1.1 Kambas, Michele (2012-01-23). "Cyprus group plans Greece-Israel electricity link". Reuters. Retrieved 2012-03-09.
A Cyprus-based group including Greece's state-controlled power utility PPC said on Monday it planned to lay the world's longest subsea power cable linking Europe and Asia.
- ↑ "Israel, Cyprus in underwater electricity cable deal". AFP. 2012-03-04. Retrieved 2012-03-09.
- ↑ 3.0 3.1 3.2 Udasin, Sharon (2012-03-04). "Israel, Cyprus, Greece sign electric cable deal". The Jerusalem Post. Retrieved 2012-03-09.
- ↑ 4.0 4.1 "DEH/Quantum to build EUR 1.5 bln East-West mega-cable". Financial Mirror. 2012-01-26. Retrieved 2012-03-09.
- ↑ 5.0 5.1 5.2 5.3 Rabinovich, Ari (2012-03-04). "Israel-Cyprus underwater power cable takes shape". Reuters. Retrieved 2012-03-09.