Greece and Cyprus to Revitalize Power Interconnection Project to Attract Major Investors
Greece and Cyprus have agreed to move swiftly with an update of the financial and technical parameters of their long-delayed electricity interconnection project, a move aimed at attracting new and powerful investors. The decision was announced by Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nikos Christodoulides during the Third Intergovernmental Summit between the two countries, held in Athens on Wednesday. The announcement marks a renewed push for a project that has experienced significant setbacks despite its strategic importance and substantial European backing. The European Commission has already committed €657 million in funding and continues to monitor the project closely. Speaking at a joint press conference, Mitsotakis emphasized that updating the project's framework will strengthen its viability and help bring in strategic investors, describing the effort as "a step that serves the interests of us all." The...
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