- The European Commission received a due diligence study regarding a GSI project, with financial burdens shared by Greece and Cyprus.
- Meridiam, Cyprus, and Greece are involved in the GSI project, with the European Investment Bank conducting due diligence.
- GSI links their electricity grids, connecting to the European system.
The EU allocated 657 million euros to fund a power link connecting the electricity grids of Cyprus and Greece.
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Updated Aug 12
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What happened
The EU allocated 657 million euros to fund a power link connecting the electricity grids of Cyprus and Greece.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
Related events
- The EU backed a Greece-Cyprus energy cable project, while Turkey challenged Greek activity in contested waters, with diplomatic support from Egypt and Bahrain.
- Partnership between Cyprus and Greece focuses on energy cooperation.
- Current government in Cyprus includes Finance Minister Makis Keravnos and Energy Minister Michael Damianos, while the country plans to harmonize with EU regulations.
- Cyprus presented its state budget to parliament and assessed economic conditions on October 12.