About us

About us

CYPRUS

An island with natural borders of just the sea and the air. From 1974 its area has been limited further by a ‘green line’. To date, Cyprus depends exclusively on the electric power it generates from fuel imports. The 1200 MW output is barely enough for the island’s needs. Each power generating station is vital and irreplaceable for the smooth operation of the country. Currently, the prospects of exporting electricity as a national resource are quite far stretched.

GREECE

A country that is geographically connected to the rest of Europe but is currently going through the most painful odyssey of its recent history. Greece has an installed capacity of 13,000 MW which does not cover the country’s present needs. Given its current deficit it is obliged to import an additional electricity supply which makes production and the distribution of energy even more costly. In the tumultuous times that Greece is going through, the need for high productivity and the search for cheaper energy is crucial.

ISRAEL

A technologically advanced country that is seeking friendly neighbours for reasons of security as well as economic growth. Although ranked among the most developed countries in the world, Israel is currently obliged to import fuel to meet its energy needs. However, this has changed with the recent discovery of natural gas deposits that already have been utilised much sooner than in Cyprus. Soon, it will need efficient means to export its power production surplus through a well-networked electricity grid.

EuroAsia Interconnector

The EuroAsia Interconnector is the official EU project developer of the 2,000MW electricity interconnector between Israel, Cyprus, Crete – Attica, Greece and Europe.

EuroAsia Interconnector is a leading European Project of Common Interest (PCI) labelled as an EU “electricity highway” connecting the national electricity grids of Israel, Cyprus and Crete-Attica, Greece through a 1,518km subsea HVDC cable. The European Commission, with the support of the Cyprus Government and in agreement of the Greek Government, has appointed EuroAsia Interconnector Limited as the owner Project Promoter of EuroAsia Interconnector.

The EuroAsia Interconnector comprises a subsea DC cable and HVDC onshore converter stations at each connection point, with a total capacity of 2000MW. The project is an energy highway bridging Asia and Europe, with a total length of 1518kms. It creates a reliable alternative route for the transfer of electric energy to and from Europe.

EuroAsia Interconnector enjoys high rating by the European Union, falls within the EU energy policy and contributes to the energy targets:

• 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.

• EuroAsia Interconnector creates an electricity highway from Israel-Cyprus-Crete-Attica, 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 ensures the security of energy supply of the three involved countries and of the EU system altogether, through the integration of the isolated small systems of Cyprus and Crete with the Israeli and European networks 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.