INTRODUCTION
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"The European electricity<br />
consumption expected to grow<br />
through 2030 at an average annual<br />
rate of 1.4% along with the doubling<br />
of the share of renewable energies,<br />
from 13% to 26% by 2030" -<br />
International Energy Agency (AIE)<br />
AN ECONOMIC PERSPECTIVE: COSTS, TIMES AND<br />
EFFICIENCY<br />
A European Commission report<br />
dating back more than a decade<br />
ago, has estimated that the<br />
development of the basic<br />
interconnection plan by 10% by<br />
2013, would cost about 30 billion<br />
Euros. Later, the Union energy<br />
package approved in 2015,<br />
established the completion of 10%<br />
of electricity interconnection by<br />
2020 with an estimate of about 40<br />
billion euro. The logic would lead to<br />
think that the interconnection plan<br />
is now less expensive. Innovation<br />
and technological progress over the<br />
last decade, as well as a<br />
significantly greater amount of new<br />
infrastructure, should reduce<br />
production costs and capital.<br />
Because then the estimate of the<br />
project is increased? The most<br />
likely answer is that it becomes<br />
more expensive to replace or repair<br />
the infrastructure with the passage<br />
of time (Mirza, 2007). In fact, the<br />
relationship between time and cost<br />
is not linear but exponential. The<br />
problems and weaknesses increase<br />
with time and accelerates the<br />
process of deterioration (Figure<br />
[III]).<br />
The exposed to chemical energy<br />
hardware elements deteriorate and<br />
require regular maintenance. If<br />
aging infrastructure is presented as<br />
a problem for the achievement of<br />
the Union's energy plan, then the<br />
EU is losing large sums of money<br />
with the extension of the project.<br />
A recent International Energy<br />
Agency report estimated that<br />
investments in the energy sector<br />
made after 2020, would cost 4.3<br />
times more than those made before<br />
2020. In short, as soon as the<br />
European states will decide to<br />
complete this project, the better<br />
the investment. This is because the<br />
investments made Twenty-five<br />
years now, will have to compensate<br />
for the aging of infrastructure and<br />
lack of savings on consumption<br />
with low emissions.<br />
However, infrastructure investment<br />
should not be thought of as sunk<br />
costs. In fact, the returns on these<br />
projects outsource the cost with a<br />
legitimate savings, since they use<br />
energy and a more sustainable<br />
energy transmission for the<br />
international network.<br />
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