Interconnector

The US International Development Finance Corporation (DFC) has expressed an interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus and Israel via undersea cables, Greece's Independent Power Transmission Operator (IPTO) has said.

The electrical interconnection of the Great Sea Interconnector between the Greek, Cypriot and Israeli power grids is the only way to sustainably develop renewable energy sources and achieve the high European goals while ensuring prices much lower than the current levels.

The management of the Greek Independent Power Transmission Operator (ADMIE) will visit Cyprus on Tuesday for contacts with Cypriot and Israeli authorities over the electricity interconnection between Cyprus, Greece and Israel, called the "Great Sea Interconnector." 

BAKU - State Secretary at Serbia's Ministry of Mining and Energy Veljko Kovacevic said on Friday in Baku that, by completing a natural gas interconnector with Bulgaria, Serbia had attained the possibility to connect to various gas supply sources, which he noted could improve its energy security and bolster its position as a gas transit country.

A deliberate attempt has been made to stop work on the Attica-Crete electricity interconnector, the power grid operator, ADMIE, said on Thursday.

Greece is on the "front line of energy-related investments," Deputy Energy Minister Alexandra Sdoukou said at the Greek House Davos Forum in Switzerland on Monday.

The Bulgaria-Greece gas interconnector project marks a successful year of operation, transporting over 15.5 million MWh in 2023 without any disruption, reported IGB.

BACKI BREG - Serbian President Aleksandar Vucic said on Tuesday talks were underway with Romania to build a natural gas interconnector.

Vucic said building gas pipelines was especially important for industrial development.

The construction of the cable section of the first leg of the Greece-Cyprus-Israel interconnection (the Crete-Cyprus interconnection) began with the order Nexans got from Greece's Independent Power Transmission Operator (IPTO), responsible for the project, to "reserve" the necessary slot for the production of cables and to start relevant procedures.

Serbia on Sunday completed the interconnector to a pipeline in Bulgaria which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.