Greece-Cyprus power linkup closer to EIB financing

[ADMIE]

The gathering of representatives from the European Commission and the European Investment Bank with the Energy Ministers of Greece and Cyprus successful Nicosia has conscionable concluded, Kathimerini understands, giving the Independent Power Transmission Operator (ADMIE) the greenish airy to officially submit a financing petition to the EIB for the Great Sea Interconnector, that will nexus the Greek and Cypriot grids.

During the meeting, held connected the fringes of the two-day assembly of European Union vigor ministers successful Cyprus, participants highlighted the strategic value of the project, particularly successful the existent geopolitical context.

They besides assessed arsenic a affirmative improvement the associated missive of Greek curate Stavros Papastavrou and Cypriot Michalis Damianos connected the financing of the project, pursuing a owed diligence study.

The study connected the task that the EIB will instrumentality will pave the way for imaginable capitalist participation. 

The gathering connected the Greece-Cyprus energy interconnection was attended by Papastavrou and his lawman Nikos Tsafos, by Damianos and Deputy Minister to the Cypriot President Irene Piki, European Commissioner for Energy Dan Jorgensen, Director General of Energy Ditte Juul Jorgensen, the President and CEO of ADMIE that will instrumentality the project, Manos Manousakis, and EIB Vice President Ioannis Tsakiris.