Failure of Video Conference on Cyprus-Crete Electrical Interconnection
July 16, 2025
The video conference organized by the European Commission's Energy Directorate for the Cyprus-Crete interconnection ended in failure. The Greek Power Grid Operator (ADMHE) is demanding that the Republic of Cyprus cover project costs without any guarantees for completion. The governments of Cyprus and Greece had previously agreed on a fixed payment from Cyprus, but the EU seems to be pushing new demands. The Cypriot Ministry of Finance is closely monitoring developments and threatens to withhold agreed funds if project progress is not ensured.