Following the meeting between Prime Minister Kyriakos Mitsotakis and the President of Cyprus, Nikos Christodoulidis, a Framework of Understanding was signed between the two countries for the promotion of the Cyprus-Crete Electricity Interconnection.
Based on this framework, which was signed between the Greek Minister for Environment and Energy, Theodoros Skylakakis, and the Minister for Energy, Trade and Industry of the Republic of Cyprus, Giorgos Papanastasiou, and following the relevant decisions of the Regulatory Authorities of the two countries foreseen herein, the project is expected to be resumed 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 Cyprus, for Greece, but also for the entire EU, since this project will not only connect Cyprus to the European electricity system, facilitating its energy transition, but at the same time it will also promote Greece’s objective of becoming a clean energy transport corridor.
