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Sunday, 18 November 2018

Electricity Ministry has concerns on implementation cost of Cyprus power linkage project

The Electricity Ministry reportedly has concerns over the implementation cost and landing point of the 2,000 MW subsea power cable to connect the electricity grids of Egypt, Cyprus, and Greece, unnamed government sources said. The ministry sent comments to EuroAfrica Interconnector on its prepared feasibility studies for the USD 4 bn project, citing security and environmental regulations concerns. Last we heard, Egypt and Cyprus had reportedly reached an agreement in principle with an unnamed European company to link the two countries’ power grids for an estimated USD 1.5 bn. The interconnection project with Cyprus and Greece is part of a larger plan to link to power grids in Africa and Europe.

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