Cost-benefit analysis for EuroAfrica project

CESI is performing the cost-benefit analysis of the 2,000MW HVDC submarine power interconnection that will connect Egypt to Europe via Cyprus. At a depth of 3,000 metres and 1,700km long, the EuroAfrica Interconnector will be the world’s deepest and longest interconnection cable. This corridor will enhance security of supply in Europe by giving the region access to electricity produced from the recently-discovered gas reserves of Cyprus and Egypt as well as renewable energy sources in connected countries, and it will contribute to the growth of the MENA energy market, with Egypt as its hub. CESI is assessing the project’s economic feasibility by analysing the expected benefits of integrating renewables into the network in terms of reducing CO2 emissions and enhancing the resilience of the electrical systems of the countries concerned. CESI’s work on the EuroAfrica project builds on its input into the EuroAsia project.