The price-benefit evaluation (CBA) research for the operation of the Nice Sea Interconnector (GSI) is at the moment within the arms of the Ministry. Power
The Minister of Power, Commerce and Trade Giorgos Papanastasiou is assembly with the management of ADMIE which can ship to him the complete cost-benefit evaluation (CBA) research for the operation of the Nice Sea Interconnector (GSI), the challenge regarding the electrical interconnection of Cyprus – Greece and Israel.
As knowledgeable by KYPE, the assembly will happen at 10:00 on the Ministry.
It’s recalled that ADMIE, the implementing physique of the challenge, had introduced the essential components of the research to the Cypriot authorities in the beginning of June. As ADMIE had talked about in its related word, the research ready by the Exergia firm in collaboration with the Nationwide Technical College of Athens, confirmed that the operation of the GSI will result in 30% financial savings within the electrical energy payments of Cypriot shoppers in 2030.
It’s famous that the presentation of the up to date CBA research was a situation set by the Authorities, with the intention to make the ultimate funding choice to affix the challenge with an funding of €100 million. After receiving the research, the Cypriot Authorities will assign to the College of Cyprus, the Institute of Cyprus, in addition to to an unbiased consulting agency for its analysis and evaluation.
Supply: KYPE
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