The European Union has recognized the cable as a “Project of Common Interest,” categorizing it as a project it is willing to partly finance. The Greek operator and Eurasia have been working closely to make sure the two cables link to each other efficiently, an IPTO official said. Greek power grid operator IPTO has started construction of the Crete-mainland part, seen concluding by 2023. It will cover three sections of the Mediterranean: some 310 kilometers between Israel and Cyprus, about 900 kilometers between Cyprus and Crete, and about 310 additional kilometers between Crete and mainland Greece. With a length of about 1,500 kilometers and a maximum depth of 2,700 meters, it will be the longest and deepest subsea electricity cable to have ever been constructed, it said.Ĭalling the project a “2,000 mega-watt highway,” Pilides said the first stage is expected to be operational within 2025. The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israels energy ministry. Cyprus, Greece, and Israel today 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.
The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israel‘s Energy Ministry. The project, called the Euro-Asia interconnector, will provide a back-up power source in times of emergency, said Israeli Energy Minister Yuval Steinitz, who was in Nicosia to sign a memorandum of understanding with his counterparts.Ĭypriot Energy Minister Natasa Pilides said it marked “a decisive step towards ending the island’s energy isolation, and consequently, our dependence on heavy fuels.”
Supporting EVs may require larger, heavier transformers, which means. 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.
(AP Photo/Amr Nabil, File)Ĭyprus, 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. Supplies for distribution transformers are low, and costs have skyrocketed from a range of 3,000 to 4,000 to 20,000 each.
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