An essential improvement appears to be rising for the Cyprus-Greece electrical interconnection. The French firm Meridian SS reached an settlement with ADMIE to buy 49.9% of the challenge.
In line with RIK info, the 2 contracting events signed a preliminary settlement by which agreed circumstances are recorded, a few of that are binding.
Competent sources stated that in case the settlement is concluded, the development of the cable is ensured whereas its monetary facets are additionally ensured.
Throughout the subsequent few days, the session of the Republic of Cyprus with the implementing physique will start.
The goal is to beat the feedback and amendments urged in Nicosia by the American home for the participation of Cyprus within the share capital of {the electrical} interconnection.
Within the occasion that the Nicosia-Athens consultations bear fruit and the acquisition of 49.9% by the French firm is ratified, the Republic of Cyprus will enter as a shareholder within the challenge by buying shares from ADMIE in addition to from Meridian SS.
A.K. / F.F. / M.A.
