August 2013

Executive Summary

A European Union Project of Common Interest

Pan European Electricity Grid

Integrated

A Bridge for Friendship

and Prosperity

A Pioneering

Endeavor

Distance : 311 nmi

Max Depth: 410 m

Power: 730 MW

Norway-Netherlands (NorNed)

Distance : 226 nmi

Max Depth: 1600 m

Power: 1000 MW

Italy-Sardinia (SAPEI)

8

England-Scotland

Distance : 227 nmi

Voltage: 600 kv

Power: 2200 MW

Decision:2013 / Completion 2015

167 nmi 475

nmi

178 nmi

820 nmi

2200m.

The Project

The Challenge

Depth <2200 m

The Answer

Cable Weight @ 60 kg/m

50 years life span

The Route Planning

The Seabed

The Seabed

The Original Planning

16

The latest Planning - May 2013

16

The latest Planning - May 2013

16

Existing Cables

.

Latitude Longitude

34°52.954' N 28°08.837' E

35°31.550' N 25°02.713' E

35°31.534' N 25°02.838' E

35°30.198' N 25°13.635' E

35°29.231' N 25°21.452' E

35°28.929' N 25°23.892' E

35°28.896' N 25°24.161' E

34°52.954' N 28°08.837' E

35°18.880' N 26°46.468' E

34°52.954' N 28°08.837' E

34°47.500' N 28°24.396' E

34°44.842' N 28°31.972' E

34°32.227' N 29°07.877' E

34°23.701' N 29°32.093' E

34°10.211' N 29°56.946' E

34°09.352' N 30°15.084' E

34°10.985' N 31°30.295' E

34°09.735' N 32°19.881' E

34°15.025' N 32°38.706' E

34°25.975' N 32°46.345' E

57 Cables

37 Operational 14 Non Operational

6 Scheduled

Existing Cables

.

ΟΝΟΜΑ

APHRODI2

ARIANE-1

MARHERAK

ntls2aslaidR2

ITUR E1

Minos

MINOS_CHANIA-BU

ALEXANDR

ALEXANDR

TGN_BU6_DIMITRIOS

TGN_BU7_LOMBARDA

Atene-creta1

ATENE-CRETA

Admiralty

The most advanced vessel

•High Technology •AMC Connector •9000 tons of cable

The most advanced vessel

•Concurrent dual cable laying •Depth: 3000 meters

The most advanced vessel

•Vertical, heavy load cable laying •High speed cruising

The Cable Protection

•Remote Operated Vehicle (ROV) - 4000 m depth capability

Inspection ROV from

our technical team

The Journey

January 2012

Project Announcement - Nicosia

March 4, 2012

Israel’s Official Commitment - Tel Aviv

March 23, 2012

Cyprus Electricity Authority commits to the project - Nicosia

April 23, 2012

Steering Committee's 1st meeting - Nicosia

May 18, 2012

Briefing of the Regulatory Authorities of Greece

and Cyprus - Nicosia

June 13, 2012

Steering Committee's 2nd meeting. Formation of

Working Groups - Tel Aviv

July 30, 2012

Steering Committee's 3rd meeting. Reviewing the progress

of the Working Groups - Nicosia

November 12, 2012

“Doing business with Israel” Conference. Israel & Cyprus

Ministers’ of Energy progress updating- Nicosia

July 24, 2013

EuroAsia Interconnector, a European Project of Common

Interests (PCI) - Brussels

Steering Committee

Working Groups

Business Consultants CESI, PwC, etc

Top Specialists ABB, Prysmian, Siemens, Alstrom etc

Organizational Structure

Feasibility Study

Cable Technology,

Route Planning, Laying

Working Groups

Converter Stations Technology, Position

National Networks Infrastructure Linkage

Production Plans by each country

Market Analysis EU & National

Legislation EU & National

Regulating Issues

The Project

In a nutshell

• Connecting: Israel-Cyprus-Greece

• Δυναμικότητα: 2000 MW

• Cable Length: 820 nmi

• Depth: > 2200 μ.

The Project

•Completion:

•Financing:

The Project

36 months

E.U. and

Own capital

ΔΕΗ Quantum Energy

The Benefits

The Benefits

Israel • Fortifies its Energy Security

• Breaks free from its energy isolation

• Facilitates its unhindered export of its

energy to an expanded

• Becomes an Energy Ally to Europe

The Benefits

CYPRUS • Fortifies its Energy Security

• Seizes to be an “energy island”

• Unhindered access to cheaper energy

• Utilizes the most efficient way to

export its energy

The Benefits

CYPRUS • Becomes an energy bridge between

Israel and Pan-European electricity grid

• Productive Cooperation with Israel, a

Strategic Ally

The Benefits

GREECE • Becomes an energy hub

• Ends Crete’s energy isolation. The

entire country is connected.

• Ends its dependency from

unpredictable sources

The Benefits

European Union • Pan-European Electricity Grid becomes

integrated

• Achieves Unhindered, Secure and

Reliable import from a member state

• Enhances the spirit of cooperation

among its member states

The Benefits

For All • Focus on adding value on the raw fuel.

• Creating opportunities for larger

investments on the energy production.

• Fully financed by own capital and

European Union.

Friendship

and Prosperity