The EuroAsia Interconnector project, which aims to connect the electricity networks of Greece, Cyprus and Israel, has run into further trouble following the consortium’s failure to meet a deadline for a 50 million euros payment to Norwegian company Nexans as a first installment for cable supply. Full article available for subscribers of Energy NEWS service […]
European Commission warnings over the insufficient financing plan for the EuroAsia Interconnector project have raised concerns among authorities in Cyprus, where the EuroAsia Interconnector consortium is headquartered. The consortium faces a deadline on 7 September for a 50 million euros payment to Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]
Greek electricity transmission system operator ADMIE has reached a preliminary agreement with an Israeli fund that will financially support the operator’s entry into the share capital of EuroAsia Interconnector, the developer of the Crete-Cyprus grid interconnection, with a share of up to 33 %. T Full article available for subscribers of Energy NEWS service (PDF […]