geopolitical risks Archives - New Cyprus Magazine

Interconnector project will go ahead ‘if viability ensured’

The Great Sea Interconnector, a vital energy project linking Cyprus to Crete, will advance if its financial viability is confirmed, as emphasized by Greek Prime Minister Kyriakos Mitsotakis during discussions at the Thessaloniki international fair. With crucial meetings ahead involving stakeholders like Greece’s power transmission operator Admie, the project’s success hinges on securing €125 million from Cyprus and addressing geopolitical risks to enhance Cyprus’s energy independence.

Averof and Annita Lock Horns Over Interconnector

By Demis Papadopoulos

In an intense debate over the Great Sea Interconnector project, Averof Neophytou voiced skepticism about its feasibility due to ongoing geopolitical tensions, while Annita Demetriou expressed optimism, emphasizing the need to consider these risks in negotiations with allies like Greece. As the government gears up for a key meeting on Tuesday to discuss the project’s future, the diverging opinions highlight the delicate balance between energy independence and political realities in Cyprus.

great sea interconnector cyprus energy policy

The Great Sea Interconnector Debate

By Demis Papadopoulos

The Great Sea Interconnector project aims to connect Cyprus to Crete through an underwater cable, sparking intense debate among politicians and officials about its financial and geopolitical implications. As President Nikos Christodoulides emphasizes the need for transparency and accountability, the future of this pivotal initiative hangs in the balance, influenced by regional tensions and strategic considerations.

A Crucial Decision on the Great Sea Interconnector

By Demis Papadopoulos

The upcoming cabinet meeting in Cyprus will determine crucial financial and regulatory details for the Great Sea Interconnector, a project designed to connect the electrical grids of Crete and Cyprus. With a significant €125 million commitment at stake, the discussions involve various stakeholders, including the European Commission and Greek authorities, as they navigate potential geopolitical risks and funding strategies to ensure the project’s success.

Commission Questions Geopolitical Risks Over Great Sea Interconnector

By Demis Papadopoulos

The European Commission is scrutinizing the Great Sea Interconnector, a power linkage project between Cyprus and Greece, for potential geopolitical risks and financial hurdles. There are debates over a proposed consumer levy to fund the project’s costs, while concerns about the region’s political landscape add complexity to the project’s success.

Unpacking the Controversy of the Great Sea Interconnector Project

By Demis Papadopoulos

The Great Sea Interconnector project between Crete, Cyprus, and Israel faces criticism due to questionable financial forecasts, unequal cost distribution, and geopolitical risks. Concerns include rising consumer electricity bills, lack of transparency, and potential safety issues amidst regional tensions impacting the project’s timeline.