Economy category powered by

Energy Minister to meet with Nexans officials

Minister of Energy George Papanastasiou is due to meet with officials from the French company Nexans, which has been awarded the contract to construct the sub-sea interconnector cable linking Cyprus and Greece as part of the Great Sea Interconnector (GSI) project.

The meeting is due to take place on 7 November.

Speaking to CNA, Papanastasiou said during the meeting, Nexans will brief the Cypriot authorities over the progress of the project implementation, as the cable construction linking Cyprus with Greece is the largest contract of the whole project.

According to Nexans, the cost of the subsea cable linking Cyprus with Greece amounts to €1.43 billion, whereas the total cost of the GSI is estimated at €1.9 billion.

Furthermore, the representatives of the French company are scheduled to meet with Cyprus Electricity Regulating Authority (CERA).

Read More

A spotlight on seven significant €80m municipal and community development projects
Cyprus-based Outfit7 celebrates My Talking Angela's 10th anniversary
Νο absolute majorities for abolishing one and two cent coins in Cyprus, Greece, Spain
Retail trade up 4.6% in value and 4.7% in volume in October 2024 y/o/y
Development of Cyprus-US trade relations discussed by President and AHI members
GDP growth rate at 3.9% in third quarter of 2024
CBC Governor: Cypriot banks adjust interest rates at a slower pace
George Theocharides: Significant interest from major companies to establish their European headquarters in Cyprus
Unemployment rate down to 4.5% in Q3, 2024
Graduates reflect on 40 years of CIM-Cyprus Business School's presence in Limassol (video)