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GreeceBusinessIPTO: Israel asks speeding up electrical interconnection with Cyprus

IPTO: Israel asks speeding up electrical interconnection with Cyprus

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Israel’s authorities requested the acceleration of the procedures for the implementation of the Great Sea Interconnector project, in the section of the Cyprus-Israel electrical interconnection.

The Director General of the Energy Ministry, representing the Government of Israel, stated that this an important priority of the Israeli Government to advance the project.

On his part, the president and CEO of Independent Power Transmission Operator (IPTO) Manousos Manousakis said that the updated cost-benefit study requested by the Minister of Finance, Makis Keravnos, for the Cyprus-Crete section of the project will be ready by the beginning of June, and he emphasized that IPTO takes it for granted that the results of the study “will confirm the great usefulness of the project for Cyprus and will facilitate the Cypriot government to take its final investment decision.”

A tripartite Greece-Cyprus-Israel conference followed at the Ministry of Energy under the coordination of IPTO and with the presence of the Administrators of both states.

“These two meetings mark the next step in maturing the electrical interconnection between Cyprus and Israel,” he noted.

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SOURCE; ANA-MPA

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