Contractual Challenges for Kib-Tek in Energy Deal with Aksa
KibTek, the north’s electricity authority, may terminate its 15year contract with the Turkish company Aksa due to delays in delivering a feasibility report for a vital subsea cable connecting Cyprus and Turkey, as specified in Article 20.3 of their agreement. Amid rising tensions over alleged contract breaches and energy challenges, the fate of the ambitious interconnection project hangs in the balance, sparking political controversies in the Turkish Republic of Northern Cyprus.