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Land lease agreement paves way for EuroAsia Interconnector
June 10, 2019
A contract paving the way for the construction works for the EuroAsia Interconnector, which will connect the electricity networks of Cyprus, Israel, Crete and Attica in Greece has been signed at the Energy ministry, it was announced on Thursday.
The land concession agreement for the construction of the High Voltage Direct Current (HVDC) converter station in Kofinou with a transfer capacity of 2000MW was signed.
The cost of construction of the first phase of the project (Cyprus-Crete-Attica) with a capacity to transfer 1000MW amounts to €3.5 billion.