Concerns Over Cyprus's Participation in the Interconnection Project with Greece
December 11, 2024
The situation regarding the interconnection of Cyprus with Greece through the Great Sea Interconnector is uncertain, with concerns raised about the concession agreement proposed by ADMIE. Cypriot governmental bodies are expressing strong reservations about Cyprus's participation in the new implementing entity unless substantial changes are made. Insights from an external consultant's analysis indicate that such participation may involve significant financial risks. So far, no official updates have been provided on the matter.