Showing posts with label Cost Benefit Analysis (CBA). Show all posts
Showing posts with label Cost Benefit Analysis (CBA). Show all posts

Wednesday, October 12, 2016

Construction of the EuroAsia Interconnector to begin in 2017 - CYPRUS MAIL

October 12, 2016

The official operator of the EuroAsia Interconnector electricity connection, a project approved and supported by the European Commission, announced Wednesday that the technical and economic studies have successfully concluded and work on the 1,520km ‘electricity highway’ that will secure international energy supply will begin in 2017.

Construction work will begin with completion of the first section (Cyprus-Israel) in 2019, the second section (Crete-Attica) in 2020 and the final section of Cyprus-Crete in 2022.

The EuroAsia Interconnector will establish the first electricity corridor between the eastern Mediterranean and the European Union, ending the energy isolation of Cyprus, as well as Crete and Israel, and will vastly contribute to energy supply and security in the region.