![]() The project has also been awarded a €100 million grant from the EU’s Recovery and Resilience Facility. This is the second highest grant ever under CEF, after the award made to the Baltic synchronisation. The first phase of the project, with total estimated construction costs of €1.57 billion, received a €657 million EU grant under the Connecting Europe Facility (CEF). As a second phase, once the link to Crete is completed, an electricity link between Cyprus and Israel will be constructed. The EuroAsia interconnector is a Project of Common Interest (PCI) under the 5th Union List comprising a 1,200 km undersea cable from Israel to Crete via Cyprus. We hope for a speedy construction process to make this project a reality as soon as possible. The EuroAsia Interconnector is yet another key infrastructure project strengthening the EU’s energy security by linking Cyprus to the EU’s electricity grid and contributing to our ambitious decarbonisation objectives. ![]() In her speech at the ceremony, Commissioner Simson said By boosting electricity interconnectivity, it will also help the integration of renewable energy sources in the region. The EuroAsia Interconnector will reinforce the security of energy supply for Cyprus and Crete, integrating their energy systems with the European networks through mainland Greece. The project, which has been politically and financially supported by the EU, will bring an end to Cyprus’s energy isolation, effectively making all EU countries physically connected to the EU electricity grid. Its completion is expected by the end of 2026. ![]() The interconnector will be the deepest and longest submarine electricity interconnection in the world. This EU Project of Common Interest will consist of a 1000 MW undersea cable connecting the electricity grids of Cyprus and Greece via Crete. Commissioner for Energy, Kadri Simson, participated today together with the President of Cyprus, Nicos Anastasiades, and the Ministers for Energy of Cyprus (Natasa Pilides) and Greece (Kostas Skrekas) in a ceremony in Nicosia marking the start of the construction stage of the EuroAsia Interconnector.
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