Nexans Norway the preferred bidder for the Cyprus – Greece (Crete) link of the EuroAsia Interconnector

July 5, 2022

EuroAsia Interconnector

“Engineering, Procurement, Construction and Installation of the HVDC Cable Systems for the Cyprus – Greece (Crete) Link of the EuroAsia Interconnector”

EuroAsia Interconnector Limited, the Project Developer of PCI 3.10 EuroAsia Interconnector, announces the selection of Nexans Norway AS as the preferred bidder for the award of the contracts for the Engineering, Procurement, Construction and Installation of the two HVDC Cable Systems, Pole 1 and Pole 2, for the Cyprus – Greece (Crete) Link of Stage 1, 1000MW of the EuroAsia Interconnector.

The Tender was published on Tenders Electronic Today (TED) of the Official Journal of the European Union on 12 February 2021 with Publication No. 2021/S 030-075341.

The EuroAsia Interconnector is a 2,000 MW multi-terminal interconnector which connects the national electricity grids of Israel, Cyprus, Greece, with Europe.

EuroAsia Interconnector is the longest 1,208km and deepest up to 3,000m HVDC interconnector in the world. It ends the energy isolation of Cyprus, ensures security of supply for Israel, Cyprus and Greece and creates a reliable green interconnector for Europe. It significantly reduces CO2 emissions and serves the vision of the European Commission’s “Green Deal”.

EuroAsia Interconnector is a critical infrastructure for the European Commission and the countries involved. It is a leading European Project of Common Interest (PCI) and was included in all five Union lists of PCIs since 2013. It is labelled as an EU “electricity highway”, interconnecting Europe with Asia.

Following the approval of the CEF Grant of €658mil. by the European financing mechanism “Connecting Europe Facility” and €100mil. by the Recovery and Resilience Fund, EuroAsia Interconnector proceeds to the construction phase.