Cabinet Approves Electrical Interconnection of Cyprus and Crete
September 17, 2024
The Cabinet approved the electrical interconnection of Cyprus and Crete, confirming that costs will start being covered in 2025 with an annual amount of 25 million euros. Energy Minister George Papathanasiou stated that consumers will not incur immediate costs during the construction period. However, there were doubts regarding the funding and the participation of the Republic of Cyprus in the project. Further decisions by RAEK may be expected in the coming days.