EuroAsia Interconnector

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." 

Τhe Cypriot government will request that Greece's Independent Power Transmission Operator (ADMIE) carry out a cost-benefit study as regards the Cyprus-Greece electricity interconnection (Great Sea Interconnector), Cypriot Energy Minister Giorgos Papanastasiou said on Tuesday.

Investments of 5.5 billion euros are included in the new 10-Year Development Plan of the Independent Power Transmission Operator (ADMIE) for the period 2025-2034 which is to be put to public consultation in the next few days before being submitted for approval to the Regulatory Authority for Energy.

Cyprus is considering participating in the ambitious Great Sea Interconnector project, formerly known as EuroAsia, according to statements from government officials. The proposal, jointly submitted by the ministers of energy, commerce and industry, George Papanastasiou, and finance, Makis Keravnos, signals Cyprus' readiness to join forces with Israel and Greece in the massive project.

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.

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.

Construction of a €1.9 billion-euro section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, officials said Thursday.

An eventual extension of the renamed Great Sea Interconnector is planned to connect Israel's power grid as well.

The European Commission's Directorate-General for Energy (DG Energy) has announced that it has been proposed that the power interconnector planned by Greece and Egypt, dubbed GREGY, be included in the European Union's list of Projects of Mutual Interest (PMI).

The list is expected to be endorsed by the European Parliament and the European Council within the next two months.

Greece, Israel and Cyprus discussed the potential for a long-term energy connection linking the Arabian peninsula with Europe during the trilateral summit in Nicosia on Monday between Prime Ministers Kyriakos Mitsotakis and Benjamin Netanyahu and Cyprus President Nikos Christodoulides.