"Is the Great Sea Interconnector (GSI) submarine power cable project dead in the water? The GSI project, which is worth 2 billion ($2.36 billion), seeks to build a subsea electric cable connecting Greece and Cyprus and later Israel. The aim is to integrate the Republic of Cyprus into the European electricity transmission system and bolster the energy security of EU member states Greece and Cyprus."
"But although the project was launched in October 2022 with the aim of completing it by the end of 2023, it is currently not clear whether it will ever actually come to fruition. Project faces multiple challenges There are several reasons for the current uncertainty. Not only is the GSI an expensive project, it is also technically difficult and faces massive geopolitical challenges. What's more, the European Public Prosecutor's Office has launched an investigation into possible criminal offences relating to the project."
"At a depth of over 2 kilometers, it was to be one of the deepest and longest submarine power cables anywhere in the world. In addition to integrating Cyprus into the European electricity transmission system, the project sought to link energy markets in the EU and Asia. The EU has pledged to provide some 650 million of the 2 billion required for the project."
The Great Sea Interconnector is a planned 1,208-kilometer subsea power cable valued at 2 billion ($2.36 billion) intended to connect Greece and Cyprus and later Israel. The project aims to integrate Cyprus into the European electricity transmission system and strengthen energy security for Greece and Cyprus while linking EU and Asian energy markets. Launched in October 2022 with a target completion by end-2023, the project now faces uncertainty due to high costs, extreme technical demands at depths over 2 kilometers, significant geopolitical tensions in the region, and an investigation by the European Public Prosecutor's Office. The EU pledged about 650 million toward the cost.
Read at www.dw.com
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