Nexans Statement on Progress of Greece-Cyprus Interconnection Project
December 10, 2025
Nexans, the French company constructing the Greece-Cyprus interconnection cable, stated that it continues the project, despite the cancellation of investment processes that are out of its control. They mentioned that significant payments have been made and that there is a possibility of a new tender in the future. However, the seabed surveys necessary for the project have not been conducted. ADMHEE, responsible for overseeing the project, reported spending about 300 million euros so far. The total value of the contract is 1.43 billion euros.