About us

About us

CYPRUS


An island with natural borders of just the sea and the air. From 1974 its area has been limited further by a ‘green line’. To date, Cyprus depends exclusively on the electric power it generates from fuel imports. The 1200 MW output is barely enough for the island’s needs. Each power generating station is vital and irreplaceable for the smooth operation of the country. Currently, the prospects of exporting electricity as a national resource are quite far stretched.

GREECE


A country that is geographically connected to the rest of Europe but is currently going through the most painful odyssey of its recent history. Greece has an installed capacity of 13,000 MW which does not cover the country’s present needs. Given its current deficit it is obliged to import additional electricity supply which makes production and the distribution of energy even more costly. In the tumultuous times that Greece is going through, the need for high productivity and the search for cheaper energy is crucial.

EGYPT


Egypt, a major non-OPEC crude oil and natural gas producer, has a high power system size of 38,857 MW installed generation capacity with more than 40 grid-connected plants, providing electricity access to nearly 99% of the booming Egyptian population and rapidly expanding economy. The recent discovery of record-size offshore natural gas reserves has revived confidence that Egypt will once again become a major energy hub in the output of resources and production of energy. This development also paves the way for Egypt to import and export electricity, where needed, through reliable electricity interconnections.

EuroAfrica Interconnector

The EuroAfrica Interconnector is the 2,000MW electricity interconnector between Egypt, Cyprus, Crete – Attica, Greece and Europe, labelled as an “electricity highway” connecting the national electricity grids of Egypt, Cyprus and Greece through a 1707km subsea HVDC cable.

The EuroAfrica Interconnector comprises a subsea DC cable and HVDC onshore converter stations at each connection point, with a total capacity of 2000MW. The project is an energy highway bridging Africa and Europe, with a total length of 1670kms. It creates a reliable alternative route for the transfer of electric energy to and from Europe.

The EuroAfrica Interconnector enjoys high rating by the European Union, falls within the EU energy policy and contributes to the energy targets:

• Ends the Energy Isolation of Cyprus as an EU member state. Cyprus is the last member of the European Union which remains fully isolated without any electricity or gas interconnections. Ending the energy isolation is an important EU objective.

• EuroAfrica Interconnector creates an electricity highway from Egypt-Cyprus-Crete-Attica, Greece (Europe) through which the European Union can securely be supplied with electricity produced by the gas reserves in Cyprus and Egypt, as well as from the available Renewable Energy Sources, contributing at the same time to the completion of the European Internal market.

• The EuroAfrica Interconnector ensures the security of energy supply of the three involved countries and of the EU system altogether, through the integration of the isolated small systems of Cyprus and Crete with the Egyptian and European networks and the uninterrupted – multidirectional flow of energy.

• Promotes the substantial development of the Renewable Energy Sources and contributes to the reduction of the CO2 emissions.

• Offers significant economic and geopolitical benefits to the involved countries.

• Contributes to the target of the European Union for 10% of electricity interconnection between Member States.

• Provides significant socio-economic benefits at the range of 10 billion euros.