Recommendations from American Advisors on Cyprus's Electricity Interconnection
December 17, 2024
American advisors are urging the Cypriot government to carefully consider the investment in the electricity interconnection through the Great Sea Interconnector. They recommend conducting additional technical and economic evaluations before any commitment to purchasing shares. Furthermore, they emphasize the need to renegotiate the terms of the concession agreement with the ADMIE. Finally, they warn that Cyprus should ensure its participation on equal terms in the resulting consortium.