Cabinet approves Greece-Cyprus Interconnector amid financial concerns

The Cabinet has unanimously approved plans for an electrical interconnection between Cyprus and Greece, Finance Minister Makis Keravnos said, despite earlier reports of his reservations about the project. Speaking to Sigma TV, Keravnos said the project, initially planned in 2010, will proceed with state subsidies to offset costs to consumers. He noted that the Cyprus … Continue reading Cabinet approves Greece-Cyprus Interconnector amid financial concerns