page_title: EuroAfrica Interconnector
section_title: Benefits of Interconnector
hierarchical_section_title: EuroAfrica Interconnector / Benefits of Interconnector
caption_attribution_description: English: EuroAsia Interconnector Project Director George Killas (centre) with Chris Peeters, CEO of Elia Group (right) and Markus Berger, Chief Officer Infrastructure of Elia Group
context_page_description: EuroAfrica Interconnector is a HVDC interconnector between Greek, Cypriot, and Egypt power grids via submarine power cable. The Interconnector is an energy highway bridging Africa and Europe. It will have a capacity to transmit 2,000 megawatts of electricity in either direction. Annual transmission capacity is 17.5 TWh, much more than annual production of Aswan Dam power stations. The President of the Arab Republic of Egypt, Mr Abdel Fattah el-Sisi, the President of Cyprus Nicos Anastasiades and the Prime Minister of the Hellenic Republic, Mr Kyriakos Mitsotakis, issued a joint declaration at the conclusion of the 7th Trilateral Summit, held in Cairo on October 8, 2019, expressed their desire to continue strengthening their cooperation in matters of energy. In this regard, the joint declaration by the three leaders said, “they recognised the importance of establishing an electrical grid between Egypt, Cyprus and Greece, such as the framework agreement between the Egyptian Electricity Holding Company and the Euro Africa Interconnector Company on 22 May 2019.
context_section_description: Ensures secure energy supply of Cyprus, Greece and Egypt connecting them with European network
  Ends energy isolation of Cyprus and Crete and connect them to European network. Cyprus is last member of EU fully isolated without energy interconnections.
  For new Egypt and Cyprus gas finding enables path towards new markets in form of electricity. Also enables path for electricity produced from renewable energy sources. Development of renewable energy sources on isolated systems like Cyprus and Crete could compromise islands electrical systems due to  chaotic production fluctuations. Electricity interconnection will enable high percentage of renewable sources in such isolated systems.
  Contributes to EU target for 10% of electricity interconnection between member states.
  Promotes development of renewable energy sources and significantly contributes to the reduction of CO
  2
  Offers significant economic and geopolitical benefit to 3 countries. It is expected that socio-economic benefit will be around 10 billion €.
caption: EuroAfrica Interconnector Project Director George Killas (centre) with Chris Peeters, CEO of Elia Group (right) and Markus Berger, Chief Officer Infrastructure of Elia Group
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