The Fee is reportedly giving Nicosia just a few weeks’ discover for the Greece-Cyprus electrical interconnection, in any other case the massive subsidy of 657 million euros will stay within the coffers of Brussels.
This message was reportedly despatched by the competent providers of the European Fee for the Nice Sea Interconnection (GSI) electrical interconnection undertaking throughout an prolonged video convention with the participation of these concerned in it.
The Greece – Cyprus cable
Based on data from group sources, the assembly deliberate by the European Fee took on the character of a “assembly disaster” as after the most recent choice of the Cyprus Vitality Regulatory Authority (CERA) the undertaking turns into unsustainable.
Within the teleconference, based on the identical sources, the Regulatory Authorities of Greece (RAAEF) and Cyprus (RAEK), the 2 Ministries of Vitality and Nexans executives took half, the place the most recent developments for the massive electrical interconnection undertaking, which basically take away Cyprus from vitality isolation.
Ultimatum
Data signifies that the Fee warned the Cypriot facet of the results of not implementing the undertaking.
In reality, group sources say, within the type of an ultimatum, he identified to the Nicosia authorities that they’ve just a few weeks to determine on {the electrical} interconnection, in any other case they are going to lose the massive support of 657 million euros. It’s even stated that the Fee officers made recognized the wants of different European initiatives for subsidies and due to this fact the 657 million euros “can not wait…”.
They referred to as on CERA to proceed in a framework that leads the undertaking to sustainability, successfully giving a deadline of some weeks.
ADMIE
ADMIE which runs {the electrical} interconnection will now be in a race to verify as soon as once more the viability of the undertaking.
The brand new milestones for electrical interconnection, as you recognize, are July eleventh. Then the Administration of the Operator will ship to the Minister of Vitality of Cyprus the finished cost-benefit examine of {the electrical} interconnection, whereas on July 15, with a brand new journey to Nicosia, executives of the Operator will meet with CERA concerning the overview request that has been submitted for the choice of Regulator.
Supply: ot.gr
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