After the meeting by Kyriakos Mitsotakis with Nikos Christodoulidis, a Framework of Understanding was signed between the two countries, for the promotion of Electrical Interconnection Cyprus-Crete.
Based on this Framework, which was signed between the Minister of Environment and Energy of Greece, Theodore Skylakakis, and the Minister of Energy, Trade and Industry of the Republic of Cyprus, Giorgos Papanastasiou, and following the relevant decisions of the Regulatory Authorities of both countries foreseen herein, the project is expected to be restarted in the coming days.
As indicated in the Framework Understanding, the Cyprus-Crete electricity interconnection will contribute to the elimination of Cyprus’ energy isolation by interconnecting Cyprus’ national electricity transmission system with the corresponding trans-European systems.
It is a project of strategic importance for CyprusGreece, but also for the entire EU, as this project will not only connect Cyprus to the European electricity system, facilitating its energy transition, but will also promote Greece’s objective of becoming a clean energy transmission corridor.
Greece-Cyprus Interconnection: Regulatory decisions approved by CERA