EuroAsia Still on PCI List

Laxman Pai
Thursday, June 13, 2019

The EuroAsia Interconnector, the Israel-Cyprus-Greece electricity link remains on the official list of European projects of common interest (PCI) making it eligible to receive some €300 mln in EU grants for the Crete-Attica sector of the cable.

The EuroAsia Interconnector remains committed to the timely implementation of the project, as submitted to the European Commission, with the Crete-Attica interconnector commissioned in June 2022 and the Crete-Cyprus Interconnector in December 2023, ending the energy isolation of Crete, and Cyprus, the last EU member state not interconnected to the European electricity grid.

The European Commission’s Enhanced Surveillance Report for Greece (June 2019) specific reference to the EuroAsia Interconnector: “Whilst the progress made with the implementation of Crete’s interconnection to the Peloponnese is positive news, the uncertainty about the status of the Attica-Crete interconnection continued."

The overall project, linking Attica, Crete, Cyprus and Israel, remains on the list of Projects of Common Interest (PCI) for now; thus being eligible for EU funding (approximately EUR 300 million to be allocated to this project), until the formal adoption of the 4th PCI list, it pointed out.

However, the electricity transmission operator (ADMIE) decided to start implementing the Attica-Crete segment as a national competitive project and Greece did not support the inclusion of the project in the 4th PCI list, therefore rendering it ineligible for grants under the Connecting Europe Facility.

"Continued support by the authorities of the PCI status of the project beyond 2019 could allow taking full advantage of the benefits deriving from the TEN-E Regulation, such as eligibility for applying for grants under the Connecting Europe Facility," it said.

Categories: Energy Offshore Energy Subsea Cables Cabling Connectivity

Related Stories

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Floating Wind and the Taming of Subsea Spaghetti

Equinor Tries Again for a Japan Offshore Wind Lease

MacArtney Asia Named Regional Reseller for Select Teledyne Products

Chinese Demand Spurs Global Wind Turbine Ordering

DOF Subsea Grows Its APAC Backlog

China's First Purpose-built Offshore Wind SOVs Delivered

Izomax Wins a Milestone Contract with Shell

Shipbuilding: Wind Turbine Installation Vessel Delivered to Cadeler

Profit Decline, Reserves Downgrade Drag Beach Energy to 2.5-year Low

Current News

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com