Advancement of the Cyprus-Greece Electricity Interconnection
November 8, 2024
Minister Georgios Papamanastasiou announced that the investigations for the Cyprus-Greece electricity interconnection are proceeding normally, with the first cable laying expected in 2026. The project is estimated to be completed by the end of 2029, and there have been no issues in conducting the seabed surveys. Decisions regarding the Republic's participation in the subsidiary's share capital will be made soon. The project requires an additional funding of €1.2 billion.