Green light from the quadrilateral meeting in Cyprus for an official funding request to the EIB for the GSI

A greenish airy was fixed during the gathering betwixt the European Commission, Greece, Cyprus, and the European Investment Bank, which was conscionable completed successful Nicosia, for ADMIE to officially taxable a backing petition for the GSI to the EIB.

During the meeting, the strategical value of the task was highlighted, peculiarly successful the existent geopolitical context, and the associated missive by Ministers Papastavrou and Damianou regarding the financing of the project, pursuing owed diligence, was assessed arsenic a affirmative development.

It is noted that the survey to beryllium carried retired by the EIB volition clarify the indispensable fiscal and method parameters of the interconnection and volition unfastened the mode for imaginable capitalist participation.

The gathering connected the Greece–Cyprus energy interconnection (GSI) was attended by Minister Mr. Papastavrou and Deputy Minister Mr. Tsafos, the Cypriot Minister of Energy Mr. Michalis Damianou, the Deputy Minister to the President Ms. Irene Piki, the EU Commissioner for Energy Mr. Dan Jørgensen, the Director-General for Energy Ditte Juul Jørgensen, the Chairman and CEO of ADMIE (project promoter), Mr. Manos Manousakis, and the Vice-President of the EIB, Mr. Ioannis Tsakiris.