Concerns About the Viability of the Cyprus-Crete Cable Project
December 18, 2024
The study by the American firm Curtis, Mallet-Prevost, Colt and Mosle LLP raises serious concerns about the viability of the Cyprus-Crete electricity interconnection. It specifically points to economic uncertainties and geopolitical pressures from Turkey that cast doubt on the project's implementation. Expected investments and loans have not materialized as initially planned. These concerns may impede the progress of the interconnection.