French cabling specialist Nexans has won a €1.43bn ($1.6bn) contract to deliver the section of the EuroAsia Interconnector that connects Greece and Cyprus.
The 2,000 MW project will link the grids of Greece, Israel, and Cyprus and, once completed, will be the longest and deepest interconnector in the world with a bi-pole length of 900 km each.
The cables will be manufactured in Nexans’ facilities in Norway and Japan and installed by the cable laying vessels Nexans Aurora and Nexans Skagerrak.
The cables will run across the Mediterranean Sea floor at depths of over 3,000 m. Pole one is expected to be completed in 2028 and pole two in 2029.
The EuroAsia Interconnector will exchange up to 1,000 MW among the three nations with the capability of increasing to 2,000 MW, the equivalent of 3m households’ average electricity consumption, and will end the energy isolation of Cyprus. The project is a leading European Project of Common Interest (PCl) and has been included in all five Union lists of PCls since 2013. It is backed by a CEF grant of €658m and €100m from the Recovery and Resilience Fund.
