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Cyprus Deliberates Strategic Investment in EuroAsia Interconnector

Cyprus is considering a significant investment in the EuroAsia Interconnector, a project that aims to connect the electrical grids of Cyprus, Greece, and Israel via a subsea cable. The Cypriot government may invest €100 million to coown a new company managing the CyprusCrete segment, contributing to regional energy security and sustainability.

euroasia interconnector project energy infrastructure

President to Meet Officials Over EuroAsia Interconnector Project

President Nikos Christodoulides is set to meet with officials from the Independent Power Transmission Operator (ADMIE) to discuss the EuroAsia Interconnector project, which aims to connect Cyprus to Greece and Israel, ending the country’s electrical isolation. The project, backed by a €657 million grant from the EU, is expected to enhance energy security, potentially reduce electricity costs, and is designated as a Project of Common Interest, highlighting its importance for the Eastern Mediterranean energy infrastructure.

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