The price of electrical energy is predicted to lower by 35% to 40% from the New Yr of 2030, within the context of the implementation of the Cyprus-Greece electrical energy interconnection challenge, in response to info broadcast this night by the principle tv information bulletin of RIK.
Competent authorities marked at present as a milestone, with the identical info stating that the quantity of 125 million euros for the 5 years of building of the cable might be 63% for the Republic of Cyprus and 37% for the Hellenic Republic.
For its operational interval, from 2030, the price might be shared 50-50%, whereas the identical share might be shared in the price of geopolitical danger.
RIK's info additionally states that the choice of the Council of Ministers should be authorised by CERA.
Concerning Cyprus' participation within the share capital, the choice might be taken within the coming months, as Nicosia is awaiting an replace from the European Funding Financial institution, in addition to a related cost-benefit examine.
Data signifies that the Funding Fund of the United Arab Emirates, the USA, France and Israel have expressed curiosity in collaborating within the share capital of {the electrical} interconnection.
Supply: RIK Radio/Andreas Kallistratis
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