Cyprus began a European Union-funded project on Friday to expand an electric cable that connects the island in the eastern Mediterranean in Greece.
The European Commission stated that the cable, which will span 1208 km at a depth of more than 3,000 metres, “will set a new global record,” as the European-Asian Electricity Electricity line will connect Cyprus’s electricity networks with those of Israel and Greece via a high-voltage transmission system for continuous current. The project’s total cost, which will be between 1,000 and 2,000 megawatts, is estimated to be around €1 billion.
According to Cypriot authorities, this amount is 57 billion euros.
The European Commissioner for Energy, Qadri Simson, said during the project launch ceremony that the high energy prices due to the repercussions of the Ukrainian crisis affirms “the importance of this project, which allows Europe to diversify its sources and enhance its energy security.
” The Cypriot President, Nikos Anastasiades, described the day of inauguration as “historical” because the island “is in a good position to start building” the cable, explaining that “Cyprus can become a source of energy with capabilities starting with 120 gigawatts in 2027 and reaches a thousand in 2030, and exceeds 1,800 in 2033 “.
It should be mentioned that the European-Asian Electric Electric Line’s construction is slated to begin later this year and end in 2027.
The European Union agreed to provide financial support worth 757 million euros to finance the cable building in order to end the “isolation” of Cyprus in the energy field, as Cyprus is the only European country that does not connect to the European continent in the gas or electricity sectors, and it is a member of the European Union since 2004.
“France Press” is the source.
launching a proposal to construct a cable connecting Cyprus to the EU
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