Nexans selected as preferred bidder for EuroAsia Interconnector

Paris, July 7, 2022 – EuroAsia Interconnector Limited, the Project Developer of the European electricity interconnection project linking the national grids of Israel, Cyprus and Greece (Crete) has announced that Nexans has been selected as the preferred bidder for the award of the supply and installation of the HVDC 500kV HVDC Mass Impregnated (MI) Cables for the 1,000MW Cyprus – Greece (Crete) Link.

The EuroAsia Interconnector is a leading project of common interest (PCI) of the European Union. It consists of the electrical interconnection of the power systems of Cyprus-Greece (Crete) and Cyprus-Israel with direct current (DC) subsea cables and with HVDC converter stations at each connection point. The link will have a total capacity at present stage of 1,000MW with capability to increase to 2,000MW. The EuroAsia Interconnector will be the energy bridge between Asia and Europe, with a total length of 1,208km, creating a reliable corridor for bidirectional transmission of electricity between Asia and Europe.

When completed, the EuroAsia Interconnector between Greece and Cyprus will be the longest and the deepest HVDC subsea cable project ever, with bi-pole cables of 2x900km and a water depth of 3,000m.

500kV HVDC Mass Impregnated (MI) is the only field proven technology for deep water subsea power cables utilizing Nexans long term developments for 3,000m ultradeep waters together with the installation capabilities of Nexans’ flagship vessel CLV Nexans Aurora.

The two power poles of the bi-pole are expected to be commissioned respectively in 2026 and 2028.