The French cable maker Nexans has won a €1.4bn turnkey contract for the section of the EuroAsia Interconnector that connects Greece and Cyprus. The company will manufacture and install a 525 kV high voltage direct current (HVDC) cable with a bi-pole length of 2x900 km, running across the Mediterranean Sea floor.
The EuroAsia Interconnector will connect the grids of Greece, Israel and Cyprus and enable to exchange up to 1,000 MW among the three countries with the capability of increasing to 2,000 MW. Pole One is expected to be completed in 2028 and Pole Two in 2029. The interconnector has been designated as a Project of Common Interest (PCI) by the European Union, which will allow the project to benefit from accelerated planning and permitting, lower administrative costs, and public participation.
IPTO, Transmission System Operator of Greece, has been providing technical and operational capacity to the project ensuring the successful implementation.