The price for the Cypriot client, with the implementation of the mission, will likely be round 0.006 euros for every kilowatt. At present it reaches 33 cents per kilowatt
Cyprus is below stress, each from Israel and Greece, but additionally from the Fee itself, for the implementation of {the electrical} interconnection mission, Nice Sea Interconnector.
Talking on the present “Morning Overview” broadcast each day by Politis 107.6 and 97.6, the Minister of Power, George Papanastasiou, admitted that Cyprus is below stress each from Israel and Greece, in addition to from the Fee to implement the mission. He himself, he mentioned, had two contacts with Israeli officers in the previous few days, relating to this difficulty. And Israel is “urgent and pushing us to implement the mission”, he mentioned particularly, including that the Greek authorities can be pushing, the Fee can be pushing.
Requested about this, he mentioned that the associated fee for the Cypriot client, with the implementation of the mission, will likely be round 0.006 euros for every kilowatt. At present it reaches 33 cents per kilowatt.
He made it clear that the profit for the Cypriot client will turn into obvious over a 30 and 40 12 months horizon and never throughout its building interval, and he referred to them, explaining on the identical time that the extraction of pure fuel, for instance, doesn’t hinder {the electrical} interconnection.
In relation to CERA's choice to not settle for the request of ADMIE, the implementing physique of {the electrical} interconnection mission, to use a price to customers throughout the building stage of the mission, Mr. Papanastasiou mentioned that each this and the others three points raised by the Regulatory Authority, will likely be determined by the authority itself. The mission is monitored by two regulators, the Greek and the Cypriot, particularly CERA. CERA, he continued, should reevaluate its total angle. The Greek authority agrees on every thing associated to the implementation of the mission.
ENI
With regard to ENI and the details about its withdrawal from the Cypriot EEZ, Mr. Papanastasiou said that after the positioning of the corporate itself, it’s clear that there isn’t any such factor. He attributed the Bloomberg publication to evaluations and estimates for attainable, future, actions of ENI, relating to the Inexperienced Transition or different operational fields.
Hearken to Papanastasiou's intervention on the present “Morning Overview” right here:
