Greece Reaffirms Commitment to Subsea Power Link with Cyprus

In a connection connected Monday, Greece has reiterated its dedication to the operation of a subsea electrical cable, the Great Sea Interconnector (GSI), which aims to link continental Europe with the Eastern Mediterranean.

This announcement comes amidst reports suggesting that the task had been paused owed to fiscal and geopolitical issues.

The project, spearheaded by the Greek powerfulness grid relation IPTO, is designed to nexus the transmission networks of Europe to Cyprus astatine a outgo of 1.9 cardinal euros ($2.12 billion), with plans to yet widen to Israel crossed the Mediterranean Sea.

The inaugural has faced setbacks owed to a prolonged quality with Turkey implicit maritime boundaries successful the Mediterranean, complicating the project’s progress. Turkey, a NATO state of Greece, has contested Greece’s jurisdiction, starring to the premature withdrawal of probe vessels from Nexans, which were surveying the cablegram way adjacent Crete.

Despite the challenges, the task has besides stirred immoderate discord betwixt Greece and Cyprus, traditionally adjacent allies, with Cyprus expressing concerns implicit the project’s feasibility.

Financial hiccups were highlighted erstwhile shares of the French cablegram shaper Nexans dropped aft reports that IPTO had delayed a payment. However, Nexans clarified that they had received important payments, ensuring the continuation of cablegram accumulation successful enactment with contractual commitments.

Greek authorities spokesperson Pavlos Marinakis addressed the concern during a bi-weekly quality conference, stating, “I reaffirm each stakeholders’ committedness to the palmy decision of this infrastructure task of strategical importance.”

Further discussions connected the task are scheduled for Thursday successful Athens, wherever the overseas ministers of Greece, Cyprus, and Israel volition convene to deliberate connected the matter.