The official EuroAsia Interconnector electricity connection operator, a project approved and supported by the European Commission, announced on Wednesday that technical and economic studies have successfully concluded.
Construction work on the 1,520km “electricity highway” that will secure international energy supply is expected to begin in 2017.
The first section (Cyprus-Israel) is expected to be completed in 2019, while the second section (Crete-Attica) will be finished in 2020 and the final section of Cyprus-Crete in 2022.
The EuroAsia Interconnector has been designed to establish the first electricity corridor between the eastern Mediterranean and the EU, ending the energy isolation of Cyprus, Crete and Israel, and will vastly contribute to energy supply and security in the region.
Enjoying unwavering support from the three partner governments of Cyprus, Greece and Israel, the operator announced on Wednesday that it will be continuing unabated with the EuroAsia Interconnector’s implementation in accordance with the agreed schedules.