Electricity

EuroAsia Interconnector secures land permit for HVDC converter station

Photo: EuroAsia Interconnector

Published

June 21, 2018

Country

Comments

comments icon

0

Share

Published:

June 21, 2018

Country:

Comments:

comments icon

0

Share

The Republic of Cyprus has issued a notice for the expropriation of land for the HVDC converter station of the EuroAsia Interconnector. The 2,000 MW and 1,518km subsea cable, which will connect the electricity grids of Cyprus, Israel, Crete and Attica in Greece, has been declared a European Union Project of Common Interest (PCI).

According to the EuroAsia Interconnector project developer, the Government of Cyprus issued an expropriation order and description of the land site for the converter station located near Kophinou, saying “this was necessary for the purpose of the public good, being for the promotion and development of energy.”

The government decree concluded that as no objections were submitted within the predetermined timeframe, the Minister of Energy, Commerce, Industry, and Tourism ordered the expropriation of the property which will be leased to the project promoter.

The construction of the cable will take place in three phases (Cyprus-Israel, Crete-Attica, Cyprus-Crete). The total value of the 1,000 MW first stage of the project is EUR 3.5 billion while the construction of the Crete-Attica interconnection is planned for December 2020 and for both the Cyprus-Israel and Cyprus-Crete interconnections for 2021, the EuroAsia Interconnector project developer said in a press release.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Greece 50 support businesses batteries

Greece to provide up to 50% support to businesses for batteries

23 December 2024 - The Greek Ministry of Environment and Energy launched the Energy Storage for Businesses program with subsidies for installing batteries

Borislav Kostadinov Green for Growth Fund accelerating expansion GGF EUR 1 billion mark interview

Kostadinov: The Green for Growth Fund is accelerating its expansion after topping EUR 1 billion mark

23 December 2024 - The Green for Growth Fund recently topped EUR 1 billion in AUM and the demand for its offering is steadily picking up, the Director for GGF at Finance in Motion Borislav Kostadinov revealed

DRI OMV Petrom Romania largest physical PPA

DRI, OMV Petrom sign Romania’s largest physical PPA so far

21 December 2024 - The new physical solar power purchase agreement between DRI and OMV Petrom is the largest ever in Romania

Renewable energy project frenzy in Greece defies curtailments, grid constraints

Renewable energy project frenzy in Greece defies curtailments

20 December 2024 - Applications for new renewable energy projects continued unabated in Greece in 2024 according to Independent Power Transmission Operator