Latest news with #StavrosPapastavrou
Euronews
26-05-2025
- Business
- Euronews
Greece completes work on undersea cable linking mainland with Crete
Greece has said it has completed work on an undersea power cable connecting the mainland to the island of Crete, a key step in its ambitious plan for a wider expansion of the grid that will eventually include Cyprus and Israel. The €1 billion link spanning 330 kilometres was plugged in on Saturday and is expected to be fully operational this summer, Greece's grid operator said. The project, for which the European Union provided the bulk of funding through grants and loans, aims to bolster energy diversification after after Russia's full-scale invasion of Ukraine. Athens hopes to extend the link, dubbed the Great Sea Interconnector, to Cyprus and Israel by the end of the decade. The project is also a move towards Crete being able to replace fossil fuel-based power generation with renewables, government officials said. "Crete is becoming a central pillar for the country's energy transition," Energy Minister Stavros Papastavrou said. "We're moving forward with the development of an integrated network of electrical interconnections, strengthening our country as a strategic energy hub in the Eastern Mediterranean." However, the wider project has been complicated by financial disagreements and an ongoing maritime dispute with Turkey. Greece and Egypt also want to establish a separate undersea link on a similar timetable that would bypass the island of Crete and connect directly to the Greek mainland. The undersea cables to Crete have been laid at a depth of 1,200 metres and will support a capacity of 1,000 megawatts using high-voltage direct current transmission systems. Supervised by a subsidiary of Greece's Independent Power Transmission Operator, the project involved private contractors Siemens Energy of Germany, Greek construction firm TERNA and the Italy-based Prysmian Group cable company, among others.
26-05-2025
- Business
Greece hooks up undersea power link to Crete that's key to Mediterranean expansion
ATHENS, Greece -- Greece announced Monday it has completed the work on an undersea power cable link connecting the mainland to the island of Crete, a key step in its ambitious plan for a wider expansion of the grid in the Eastern Mediterranean that will eventually include Cyprus and Israel. The 1 billion euro ($1.14 billion) link spanning 330 kilometers (205 miles) was plugged in on Saturday and is expected to be fully operational this summer, Greece's grid operator said. The project, for which the European Union provided the bulk of funding through grants and loans, aims to bolster energy diversification after Russia's invasion of Ukraine. Athens hopes to extend the link to Cyprus and Israel — dubbed the Great Sea Interconnector — by the end of the decade. The project is also a move toward Crete being able to replace fossil fuel-based power generation with renewables, government officials said. 'Crete is becoming a central pillar for the country's energy transition,' Energy Minister Stavros Papastavrou said. 'We're moving forward with the development of an integrated network of electrical interconnections, strengthening our country as a strategic energy hub in the Eastern Mediterranean.' However, the wider project has been complicated by financial disagreements and ongoing maritime disputes between Greece and Turkey. Greece and Egypt also want to establish a separate undersea link on a similar timetable that would bypass the island of Crete and connect directly to the Greek mainland, near Athens. The undersea cables to Crete have been laid at a depth of 1,200 meters (nearly 4,000 feet) and will support a capacity of 1,000 megawatts using high-voltage direct current transmission systems. Supervised by a subsidiary of Greece's Independent Power Transmission Operator, the project involved private contractors Siemens Energy of Germany, Greek construction firm TERNA and the Italy-based Prysmian Group cable company, among others.
Associated Press
26-05-2025
- Business
- Associated Press
Greece hooks up an undersea power link to Crete that's key to Mediterranean grid expansion
ATHENS, Greece (AP) — Greece announced Monday it has completed the work on an undersea power cable link connecting the mainland to the island of Crete, a key step in its ambitious plan for a wider expansion of the grid in the Eastern Mediterranean that will eventually include Cyprus and Israel. The 1 billion euro ($1.14 billion) link spanning 330 kilometers (205 miles) was plugged in on Saturday and is expected to be fully operational this summer, Greece's grid operator said. The project, for which the European Union provided the bulk of funding through grants and loans, aims to bolster energy diversification after Russia's invasion of Ukraine. Athens hopes to extend the link to Cyprus and Israel — dubbed the Great Sea Interconnector — by the end of the decade. The project is also a move toward Crete being able to replace fossil fuel-based power generation with renewables, government officials said. 'Crete is becoming a central pillar for the country's energy transition,' Energy Minister Stavros Papastavrou said. 'We're moving forward with the development of an integrated network of electrical interconnections, strengthening our country as a strategic energy hub in the Eastern Mediterranean.' However, the wider project has been complicated by financial disagreements and ongoing maritime disputes between Greece and Turkey. Greece and Egypt also want to establish a separate undersea link on a similar timetable that would bypass the island of Crete and connect directly to the Greek mainland, near Athens. The undersea cables to Crete have been laid at a depth of 1,200 meters (nearly 4,000 feet) and will support a capacity of 1,000 megawatts using high-voltage direct current transmission systems. Supervised by a subsidiary of Greece's Independent Power Transmission Operator, the project involved private contractors Siemens Energy of Germany, Greek construction firm TERNA and the Italy-based Prysmian Group cable company, among others.
Yahoo
26-05-2025
- Business
- Yahoo
Greece hooks up an undersea power link to Crete that's key to Mediterranean grid expansion
ATHENS, Greece (AP) — Greece announced Monday it has completed the work on an undersea power cable link connecting the mainland to the island of Crete, a key step in its ambitious plan for a wider expansion of the grid in the Eastern Mediterranean that will eventually include Cyprus and Israel. The 1 billion euro ($1.14 billion) link spanning 330 kilometers (205 miles) was plugged in on Saturday and is expected to be fully operational this summer, Greece's grid operator said. The project, for which the European Union provided the bulk of funding through grants and loans, aims to bolster energy diversification after Russia's invasion of Ukraine. Athens hopes to extend the link to Cyprus and Israel — dubbed the Great Sea Interconnector — by the end of the decade. The project is also a move toward Crete being able to replace fossil fuel-based power generation with renewables, government officials said. 'Crete is becoming a central pillar for the country's energy transition,' Energy Minister Stavros Papastavrou said. 'We're moving forward with the development of an integrated network of electrical interconnections, strengthening our country as a strategic energy hub in the Eastern Mediterranean.' However, the wider project has been complicated by financial disagreements and ongoing maritime disputes between Greece and Turkey. Greece and Egypt also want to establish a separate undersea link on a similar timetable that would bypass the island of Crete and connect directly to the Greek mainland, near Athens. The undersea cables to Crete have been laid at a depth of 1,200 meters (nearly 4,000 feet) and will support a capacity of 1,000 megawatts using high-voltage direct current transmission systems. Supervised by a subsidiary of Greece's Independent Power Transmission Operator, the project involved private contractors Siemens Energy of Germany, Greek construction firm TERNA and the Italy-based Prysmian Group cable company, among others. Derek Gatopoulos, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
26-05-2025
- Business
- Winnipeg Free Press
Greece hooks up an undersea power link to Crete that's key to Mediterranean grid expansion
ATHENS, Greece (AP) — Greece announced Monday it has completed the work on an undersea power cable link connecting the mainland to the island of Crete, a key step in its ambitious plan for a wider expansion of the grid in the Eastern Mediterranean that will eventually include Cyprus and Israel. The 1 billion euro ($1.14 billion) link spanning 330 kilometers (205 miles) was plugged in on Saturday and is expected to be fully operational this summer, Greece's grid operator said. The project, for which the European Union provided the bulk of funding through grants and loans, aims to bolster energy diversification after Russia's invasion of Ukraine. Athens hopes to extend the link to Cyprus and Israel — dubbed the Great Sea Interconnector — by the end of the decade. The project is also a move toward Crete being able to replace fossil fuel-based power generation with renewables, government officials said. 'Crete is becoming a central pillar for the country's energy transition,' Energy Minister Stavros Papastavrou said. 'We're moving forward with the development of an integrated network of electrical interconnections, strengthening our country as a strategic energy hub in the Eastern Mediterranean.' However, the wider project has been complicated by financial disagreements and ongoing maritime disputes between Greece and Turkey. Greece and Egypt also want to establish a separate undersea link on a similar timetable that would bypass the island of Crete and connect directly to the Greek mainland, near Athens. The undersea cables to Crete have been laid at a depth of 1,200 meters (nearly 4,000 feet) and will support a capacity of 1,000 megawatts using high-voltage direct current transmission systems. Supervised by a subsidiary of Greece's Independent Power Transmission Operator, the project involved private contractors Siemens Energy of Germany, Greek construction firm TERNA and the Italy-based Prysmian Group cable company, among others.
