Thursday, August 26, the company EuroAsia Interconnector submitted to the Cyprus Department of electricity plan the laying of an electric cable that will connect Israel, Cyprus and Greece, according to Financial Mirror.
Previously, the plan had already been submitted to the national departments of electricity of Israel (July 25) and Greece (22 Jul).
According to the plan, the company will make a cable entirely at their own expense. The installation cost is $ 3.5 billion. At the first stage it is planned to lay a transmission line of high voltage to 1,000 megawatts.
The total length of line from Israel to the coast of Attica is 1518 miles. The laying of the first section, between Israel and Cyprus (329 kilometers) will begin in 2017 and should be completed in 2019. The area between Crete and Attica (310 miles) will be built by 2020. The longest section, between Crete and Cyprus (879 kilometers), is expected to be commissioned by 2022. Then all three countries will be connected to the European continental grid.
Joint benefit of the three countries from laying the cable is estimated at 10 billion euros. In particular, it will allow for more efficient consumption of fuel will reduce dependence on nizkokalorina fuels (diesel fuel, fuel oil, coal) and strengthen energy security. All this should lead to lower electricity tariffs for industry and population.
Cabling has received the status of project of common interest to the European Union and was included in the plan of the European energy policy.
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