We Believe

No one and no nation should be considered an island. With the energy challenge at the forefront for so many economies, three nations - Israel, Cyprus and Greece - seek to enhance their growth and prosperity through the establishment of an integrated energy bridge.

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Reflections

“The most important day in my life”

January 23, 2012

A dream, an ambitious dream made its first public appearance today. The herculean task of establishing an underwater cable connection stretching 540 nautical miles and reaching depths of up to 2,000 metres does not, in itself, daunt me. Where there’s a will and dedication, there’s a way. The project has embarked on its path of implementation and the governments of Israel, Cyprus and Greece are offering their full support and commitment.
The technical studies have already begun and should be completed within the year and presented to the governments of the cooperating nations. What gratifies me most is that the EuroAsia Interconnector will become a significant source of prosperity and optimism for our countries.
Nasos Ktorides
Chairman of DEH QUANTUM Energy

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Cyprus-Israel-Greece Trilateral Summit Declaration

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In Progress

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Our Quest

EuroAsia The EuroAsia Interconnector will link the electrical systems of Israel, Cyprus and Greece (via Crete) through sub-marine DC cables and HVDC onshore stations in each country/location, and will have a capacity of 2000 MW. The project creates an energy bridge between the two continents with a total length of the interconnector being approx. 1520 km, and creates a reliable alternative corridor for transferring electricity to Europe.

The Benefits of the EuroAsia Interconnector Project

The project is part of the European Union’s energy policy and receives positive evaluation due its contribution to the energy targets as presented below: • Ends the Energy Isolation of Cyprus as an EU member state. Cyprus is the last member of the European Union which remains fully isolated without any electricity or gas interconnections. Ending the energy isolation is an important EU objective. In the same way the EuroAsia Interconnector ends the energy isolation of Crete. • EuroAsia Interconnector creates the electricity highway from Israel-Cyprus-Crete-Greece (Europe) through which the European Union can securely be supplied with electricity produced by the gas reserves in Cyprus and Israel as well as from the available Renewable Energy Sources, contributing at the same time to the completion of the European Internal market. • The EuroAsia Interconnector is ensuring the security of energy of supply of the three countries and of the EU system altogether, through the integration of the isolated small systems of Cyprus and Crete with the Israeli and European Network and the uninterrupted – multidirectional flow of energy. • Promotes the substantial development of the Renewable Energy Sources and contributes to the reduction of the CO2 emissions. • Offers significant economic and geopolitical benefits to the involved countries • Contributes to the target of the European Union for 10 % of electricity interconnection between Member States. • Provides significant socio-economic benefits at the range of 10 billion euros. The expected cost of step one and step two of the project is 1.5 billion euros and will be undertaken in full by EuroAsia Interconnector.