Energy minister upbeat on Interconnector investment

The energy minister on Tuesday sounded favourably disposed towards the state investing directly in a mooted subsea electricity cable linking Cyprus to Greece, but MPs pushed back citing the political and technical uncertainties still looming over the project.

During the discussion in parliament, Energy Minister George Papanastasiou said the project promoter has yet to make formal delivery of their cost-benefit analysis for the Great Sea Interconnector – the cable connecting Cyprus to Crete.