After lengthy consultations, the cupboard yesterday gave the inexperienced mild for the implementation of the monumental undertaking of the Cyprus-Greece electrical interconnection.
The ultimate settlement is predicted to be sealed on the assembly between President Christodoulidis and Prime Minister Kyriakos Mitsotakis, tomorrow in Athens.
The undertaking, as identified by the Minister of Power, Giorgos Papanastasiou, will contribute to the elimination of Cyprus' power isolation, since it is going to join the nationwide power transmission system with the corresponding trans-European programs.
The principle goal, he added, is to scale back the worth of electrical energy, by way of {the electrical} interconnection, the appearance of pure gasoline and Renewable Power Sources.
The Fee authorised financing, with the best historic quantity of 657 million euros.
The Council of Ministers authorised the allocation of 25 million euros per yr, from 2025 to 2029, as a subsidy for the corresponding improve that will happen in electrical energy payments, in the course of the interconnection building interval.
Supply: Radio RIK
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