Insider Business Negotiations on EuroAsia Interconnector continue, says government

Negotiations on EuroAsia Interconnector continue, says government

“The issue of EuroAsia Interconnector has not been finished, negotiations continue and we try to keep it as European project” Government Spokesman Prodromos Prodromou told the Athens News Agency – Macedonian News Agency, referring to a project aiming to link the power grids of Israel, Cyprus and Greece through a subsea cable, also passing from Crete.

Prodromou said the project was very important for Cyprus, not only for developing the electricity market but also for the island’s energy security. “The interconnection will be financed by EU funds and therefore it is feasible. There is a technical problem in decisions in Greece, we hope that a solution will be found which will not impair the ability to construct” the project, he added.

The European Commission labelled the EuroAsia Interconnector as a Project of Common Interest. The Greek Regulatory Authority for Energy (RAE) assigned the construction of the portion of the project linking Crete with Attica to the country’s Transmission System Operator ADMIE, which in turn founded “Ariadne-Interconnection”. RAE also offered the possibility to EuroAsia Interconnector to buy 39% of Ariadne’s shares by December 31, 2018, however this did not happen.

Asked about these developments, Prodromou said that what matters is to design the project in an acceptable manner and solve the difference between the Greek government and the European Commission.

(Cyprus News Agency)

Top Stories

Investors are optimistic about Cyprus’ attractiveness-EY survey

Investors are optimistic about Cyprus’ attractiveness over the coming years but state that there is room for improvement, according to the EY Attractiveness Survey...

Tatar sends hardliner messages just before meeting Anastasiades

Newly elected Turkish Cypriot leader Ersin Tatar is willing to meet President Nicos Anastasiades but keeps sending messages on his hardliner position on the...

Former U.S. President Obama campaigns for Joe Biden

Former U.S. President Barack Obama puts on his face mask after his speech as he campaigns on behalf of Democratic presidential nominee and his...

Ireland will be eurozone’s biggest loser from a no-deal Brexit

Irish central bank Governor Gabriel Makhlouf warned that Ireland will be the eurozone's biggest loser from a no-deal Brexit, which could cause an economic...

Germany: Turkey should stop illegal activities against Cyprus and Greece

If Turkey wishes to have a new customs union with the EU it should cease illegal activities against Cyprus and Greece, Ulrike Demmer Germany’s...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...