Slow progress on power link

Athens has apparently found a possible way through the impasse in talks with Nicosia about the planned grid link, known as the Great Sea Interconnector (GSI), but progress is expected to remain painstakingly slow.

A clause in last September's interstate agreement about Cyprus' participation in the share capital of the implementing body of the Crete-Cyprus electricity interconnection caused new complications in the course of the project, with the energy ministers of the two countries, Thodoros Skylakakis and Giorgos Papanastasiou, taking new action to provide solutions.

"The Republic of Cyprus intends to participate, after a due diligence study, with 100 million euros through an appropriate entity that will be selected, in the share capital of the company Great Sea Interconnector, a company that will assume ownership of the electrical interconnection," the clause reads...