Economy category powered by

Energy Minister to meet with Nexans officials

14:08 - 01 November 2024

Economy Reporter

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).

News Feed

All News

Read More

General government surplus of €551.2m in first five months of 2025
1st Corporate Padel Tournament completed to great success (pics)
China Enterprises Chamber in Cyprus holds first annual meeting in Limassol
Mouzourides: The economic footprint of FIBA ​​EuroBasket and why it is a unique opportunity for the hotel sector
UCy announces ASTeR project for study of Late Cypriot Bronze Age White Slip ware
Cyprus ranks first in EU in reducing Stage 2 loans by end of 2024, according to EBA report
Annual industrial production up by 3% in April, 3.8% in Q1 2025
Annual petroleum product sales increase of 9.9% in May, 2.5% since January
Cyprus a leader in solar energy use for water heating, says Energy Minister
Mobile desalination units set to operate in July amid drought