€100M Malta-Italy Interconnector Supports Energy Security, Renewable Integration

Thu, 23 Apr 2026 22:34:17 +0000
Energy

The European Investment Bank (EIB) and Malta's Minister for Finance Clyde Caruana announced a €100 million financing agreement for Malta's second electricity interconnector with Italy (IC2). The 122 km subsea cable will operate at 220 kV with 225 MW transmission capacity, connecting Magħtab, Malta to Terna's substation at Ragusa, Sicily. Scheduled to enter operation in Q1 2027, the €296.68 million project is co-financed by EU Regional Development Fund (€165.78M) and Malta's own resources, supporting energy security and renewable integration.