EuroAfrica Interconnector has initiated a €650m tender for the engineering, procurement, construction and installation (EPCI) of a 1 GW subsea high-voltage direct current (HVDC) line between Egypt, Cyprus and Greece (Crete and Attica). Interested parties have until 7 May 2020 to participate. The phase 1 of the project is expected to cost €2.5bn. The interconnection between Egypt and Cyprus should be commissioned in December 2022, while Cyprus-Crete link will be operational in December 2023.
In May 2019, Egyptian Electricity Transmission Company and EuroAfrica Interconnector signed a framework agreement on the construction and commissioning of a power interconnection project between Egypt and Cyprus. This power interconnection project highlights the increasing cooperation between Cyprus and Egypt. In September 2018, the two governments agreed to jointly build a pipeline to ship gas from the Aphrodite deposit offshore Cyprus to Egypt.