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EAIL – EuroAsia Interconnector Submarine Power Cable – Greece - Project Profile

1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

EAIL – EuroAsia Interconnector Submarine Power Cable – Greece - Project Profile

Synopsis

"EAIL – EuroAsia Interconnector Submarine Power Cable – Greece - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "EAIL – EuroAsia Interconnector Submarine Power Cable – Greece - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

EuroAsia Interconnector Ltd (EAIL), a subsidiary of DEH-Quantum Energy Ltd (DEHQE) and with the participation of Greek Public Power Corporation (PPC) S.A are planning to construct a submarine power cable from Israel to Greece via Cyprus.

The project involves the laying of a 1,518km undersea 500kV DC submarine cable, capable of transmitting 2,000MW of electricity in both directions comprising three connections as follows: 329km between Israel and Cyprus, 879km between Cyprus and Crete and 310km between Crete and mainland Greece.

The project is planned to be implemented in two phases. The first phase involves the interconnection of submarine power cable from the Korakia site in Crete to mainland Greece grid, and also the interconnection of Hadera site in Israel and Vasilikos site in Cyprus, consist of a 500kV submarine cable with a total capacity of 1,000 MW and 8 HVDC onshore stations.

The second phase involves the interconnection of submarine power cable from Vasilikos site in Cyprus to Korakia site in Crete and other related infrastructure.

It includes the construction of onshore substations at various locations within the project vicinity and the installation of transformers, safety and security systems.

The proposed interconnector cables will be laid at a maximum depth of 2,300m for Israel-Cyprus section and that of Cyprus-Crete and Crete-Continental Greece at 2,700 and 1,400m.

The implementing entity for the Cyprus-Crete connection is DEHQE and for Crete-Mainland Greece is DEHQE in collaboration with The Independent Power Transmission Operator (IPTO or ADMIE) SA.

On March 4, 2012, IEC signed a memorandum of understanding (MoU) with DEHQE for the implementation of the project. However, EAC signed a cooperation agreement with DEHQE to lay the EuroAsia Interconnector submarine electricity cable on March 23, 2012.

On April 23, 2012, the first meeting was held to discuss feasibility study and project's implementation.

The request for information (RFI) has been issued and distributed to the HVDC equipment manufactures. DEHQA received four response including Alstom (HVDC converter manufacturer), ABB (HVDC converter and submarine cables manufacturer), Siemens (HVDC converter manufacturer) and Prysmian (sub marine cables manufacturer).

On April 30, 2013, CESI SpA was appointed for execution and finalization of the pre-feasibility study.

In August 2013, Israel, Greece and Cyprus signed a trilateral MoU on energy cooperation after a 15-month delay.

In October 2013, European Energy Commission unveiled the list of infrastructure projects including EuroAsia Interconnector that qualify for funding.

The project will be funded and developed by DEHQE, a joint venture of Greece’s PPC and Cyprus’ Quantum Energy, with the Bank of Cyprus as a minority shareholder.

On January 25, 2015, DEHQE issued tender for environmental studies/environmental impact assessment study (EIA), reconnaissance survey and technical/technological study with submission due in February 2015.

On February 14, 2015, the deadline for environmental studies/EIA was extended to March 16, 2015.

On May 7, 2015, pre-selection of the economic operators for technical/technological study was completed with a submission deadline of May 22, 2015.

On May 13, 2015, Grant Agreement was signed with the European Union (EU) for design, implementation and environmental studies of the EuroAsia Interconnector.

On May 14, 2015, pre-selection of the economic operators for reconnaissance survey to determine the preferred route was completed with submission of offers by June 3, 2015.

On May 19, 2015, pre-selection of the economic operators for environmental studies/EIA was completed with a submission deadline of June 15, 2015.

On June 19, 2015, the consortium of Ambiente S.C. and ENVECO S.A was shortlisted to bid for EIA study.

In April 2016, Lighthouse (earlier known as GAS S.l.r) has been appointed as environmental survey for the project.

On July 20, 2016, EAIL invited tenders to provide consultancy services for detailed Geophysical and Geotechnical Route Study, Front End Engineering Design (FEED) Study and support services, Submarine Power Cable Installation Study, and Territorial Civil Works Studies with a submission deadline on September 9, 2016.

Construction is expected to commence in 2019 with completion scheduled in 2020.

Scope

The project involves the laying of a 1,518km undersea 500kV DC submarine cable from Israel to Greece via Cyprus.

The US$4,493 million project includes the following:

1. Construction of onshore substations

2. Laying of electric cables

3. Installation of safety and security systems

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


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