Cabinet to continue discussion on Cyprus’ participation in Great Sea Interconnector company

08:21 - 07 February 2024

Economy Reporter

The Cabinet meeting on 7 February is anticipated see the continuation of discussion on the proposal submitted by the Energy and Finance Ministers on the Republic of Cyprus’ participation in the company formed to create Great Sea Interconnector.

The Great Sea Interconnector company was set up by Greece’s Independent Power Transmission Operator (IPTO or ADMIE) for the implementation of the project.

As reported by the Cyprus News Agency (CNA,) its sources have revealed that the Cabinet is expected to continue its discussion on a newly amended proposal submitted by ministers George Papanastasiou and Makis Keravnos which, according to the same sources, requests the Cabinet’s approval for the Republic’s participation in the company created by IPTO.

The Cabinet began discussing the Ministers' proposal during its 2 February session.

The Great Sea Interconnector (formerly known as the EuroAsia) aims to use underwater cables to connect the national electricity transportation networks of Cyprus, Israel and Greece (thorugh Crete) at a strength of 2.000 MW, working in both directions.

According to CNA, the distance anticipated to be covered between Cyprus and Israel is 380km and between Cyprus and Crete approximately 900km while the underwater depth between Cyprus and Crete would be between 3-3.5km. The underwater depth between Israel and Cyprus would be between 2-2.5km.

The company due to build the cables, Nexans, is French and the actual manufacturing of the cables would take place in Norway, CNA reported.

Cabinet to continue discussion on Cyprus’ participation in Great Sea Interconnector company

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