Economy category powered by

Energy Minister to meet with Nexans officials

14:08 - 01 November 2024

Economy Reporter

Minister of Energy George Papanastasiou is due to meet with officials from the French company Nexans, which has been awarded the contract to construct the sub-sea interconnector cable linking Cyprus and Greece as part of the Great Sea Interconnector (GSI) project.

The meeting is due to take place on 7 November.

Speaking to CNA, Papanastasiou said during the meeting, Nexans will brief the Cypriot authorities over the progress of the project implementation, as the cable construction linking Cyprus with Greece is the largest contract of the whole project.

According to Nexans, the cost of the subsea cable linking Cyprus with Greece amounts to €1.43 billion, whereas the total cost of the GSI is estimated at €1.9 billion.

Furthermore, the representatives of the French company are scheduled to meet with Cyprus Electricity Regulating Authority (CERA).

News Feed

Read More

CBN Young Dragon Awards: Meet the candidates in the Services category
Cyprus supports strengthening of transatlantic ties through positive trade agenda
RoC can become a reliable EU energy arm in East Med, says Energy Minister
Finance Minister and Dutch Ambassador discuss bilateral ties and economy
Cyprus a net recipient of EU funds in '23 says European Court of Auditors member
CySEC chief stresses the need for a Capital Markets Union
Hungarian flavours and new business opportunities for Cypriot market
International study places Cyprus among countries most vulnerable to AI disruption
The Macallan Whisky Pairing Dinner featuring signature plates by La Petite Maison (LPM) Limassol
Patsalides: "The outlook for the euro area remains highly uncertain"