Awaiting ADMHE's Approval for Cable Construction Expenses
September 23, 2024
The ADMHE has received positive responses for nearly all its requests from the governments of Cyprus and Greece, but has yet to finalize its commitment with the cable manufacturer. It seeks immediate approval for its recoverable costs for 2024 and 2025 in order to proceed with construction. There are objections from regulatory authorities, with decisions anticipated during a video conference. The situation is critical for the project's completion and the disbursement of necessary funds.