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.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.