Cyprus and TAQA Collaboration for Electrical Interconnection
September 21, 2024
The President of the Republic of Cyprus, Nikos Christodoulides, announced advanced talks to establish a joint venture with UAE's TAQA for the Cyprus-Crete electrical interconnection. The two countries are collaborating on energy investments, with Cyprus planning to contribute €100 million. This partnership is considered essential for the project's success, as TAQA's independent investment faces challenges due to EU regulations. Final decisions are expected soon.