Political deadlock betwixt Greece and Cyprus implicit the energy interconnection is caused by a study successful Phileleftheros that provoked a connection by the President of the Republic of Cyprus Nikos Christodoulides , who speaks of demands from the broadside of ADMIE aggregate times much than the agreed archetypal instalment of 25 cardinal euros.
In fact, the work speaks of an effort by ADMIE to represent RAEK and the Republic of Cyprus arsenic the sole liable for the wreck of the project. President of the Republic of Cyprus Nicos Christodoulides said that Cyprus remains committed to knowing with the Greek government, but added that the Cypriot authorities is not being blackmailed. The Greek authorities remains firmly committed to the knowing betwixt Greece and Cyprus, the Maximou gathering stressed, portion an announcement by the Greek government is expected.
The announcement is expected to beryllium made by the Greek government.
The Phileleftheros nonfiction reads:
The nonfiction successful the Greek paper “The Greek Times” says: ”
The energy interconnection task is going from 1 upheaval to different – and connected precise unsafe paths for relations betwixt Cyprus and Greece – with ADMIE reacting to the hold of the Republic of Cyprus to wage the agreed archetypal instalment of 25 million, asking RAEK to pay… galore times more!
Phileleftheros learns that the project’s developer has filed an objection with RAEK against the regulator’s decision, dated July 31, 2024, to o.k. the betterment of €82 cardinal successful costs, with the close to retrieve lone €25 cardinal for the play January-December 2025. Reports suggest that ADMIE is claiming to beryllium granted a close to retrieve €251 cardinal for costs incurred truthful far, earlier the task was completed.
In the appeal, ADMIE is seeking the annulment of the July determination – which it had been pushing hard for a agelong play – and its replacement by different one, done which it volition beryllium approved to retrieve each its costs for the cable, arsenic they volition beryllium made and justified done RAEK with invoices.
In essence, ADMIE is attempting to overturn the Framework Agreement signed by the governments of Cyprus and Greece successful July 2024, which stipulates that Cyprus volition not wage astatine the operation signifier of the task each costs incurred (which Greece volition do), but lone 25 cardinal per twelvemonth for the play 2025-2029. All different costs volition beryllium paid gradually by energy consumers successful Cyprus (at a ratio of 63-37%), aft the energy interconnection is operational.
Most importantly, however, the implementing bureau is challenging and attempting to overturn the regulatory model approved by RAEK and RAEAY successful July ’24, aft incorporating into it the governments’ Framework of Agreement for the 125 cardinal up to 2029 connected the portion of Cyprus.
ADMIE considers – aft 14 months – that the regulatory signifier chosen by RAEC (the 2 governments, successful fact) is incorrect oregon adjacent illegal, namely to wage it lone a tiny percent of its full costs and cod the remainder aft the interconnection is operational.
However, this signifier (of paying backmost the regulated projects aft they are operational) is applied by the RAEC (and by regulators successful different EU countries) to each projects carried retired by AHK. The determination to springiness ADMIE 25 cardinal per twelvemonth until 2029, earlier the interconnection is operational, is simply a deviation by the RAEC (following the Framework Agreement betwixt the 2 governments) from its accustomed practice.
25 cardinal for the 2025 expenditure but reserves the close to wage it “once the commitments of ADMIE person been met” (which refers to the implementation of the marine surveys betwixt Crete and Cyprus), it is considered definite that neither RAEK, overmuch little the Cypriot government, volition judge ADMIE’s petition to reverse the July determination and commencement paying the Greek enactment overmuch larger amounts arsenic the cablegram operation enactment progresses. In different words, scrapping the statement to wage lone 25 cardinal a twelvemonth wrong 5 years.
But nether the law, if ADMIE’s entreaty is rejected, past the developer gains the close to record an entreaty to the Administrative Court of Cyprus, asking it to annul the July regulatory decision. And it volition astir apt beryllium the 3rd clip that ADMIE volition entreaty to the courts against the decisions of RAEK, with the hazard that the much-publicised energy interconnection task could crook into a ineligible struggle of immense proportions betwixt the 2 states, since the Greek Republic retains a bulk involvement successful ADMIE.
This eventuality whitethorn let ADMIE to represent RAEK and the Republic of Cyprus arsenic solely liable for a wrecked project, citing “regulatory gaps” oregon “poor regulatory practices of RAEK” oregon some regulators, portion glossing implicit the larger problem: Turkey’s abusive claims to the oversea country southeast of Crete and the Greek government’s changeless delays successful issuing a navtex to instrumentality the indispensable dredging measurements truthful that the laying of the cablegram being built by Nexans successful Norway tin proceed.
It is believed by agents pursuing the developments that the letter-attack by ADMIE constitutes a formalisation of the determination of the organisation – perchance besides the Greek authorities – to amusement Cyprus arsenic obstructing the implementation of the project. Charging it with work for the compensation issues that volition originate if the task is so cancelled.
The Christodoulides statement
Asked to remark connected caller demands by the ADMIE successful narration to the energy interconnection project, arsenic reported successful a report, the President said “let maine archetypal notation that I person been informed by the header you person reported. Let maine enactment that determination is afloat knowing and model statement betwixt the Greek and Cypriot Governments connected this project. Recently successful New York we agreed with the Greek Prime Minister connected however we are proceeding precise specifically and, indeed, an announcement was issued.
Beyond that, I privation to notation this, if the caput of ADMIE thinks that the Cyprus Government is being blackmailed by specified letters oregon by paid entries, helium evidently doesn’t cognize who helium is dealing with. The Cypriot Government is not being blackmailed by immoderate caput of UNMIK and the Cypriot Government is lone present to enactment the interests of the Cypriot people. This is the wide connection to the caput of UNDP.”
In effect to a journalist’s remark that, however, the Greek Government is the large shareholder of ADMIE, President Christodoulides said that “it is not the Greek Government that decides connected the letters that ADMIE sends, due to the fact that with the Greek Government determination is simply a model for however the task is proceeding, for the obligations of each one, and determination is the caller associated connection of the Greek Prime Minister and myself aft our gathering successful New York.”
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