Greece-Cyprus electricity interconnection moves forward: survey permits in 1-2 weeks
Published
Energy Minister Stavros Papastavrou announced that permits for the seabed geophysical surveys for the GSI project are expected within one to two weeks. GSI is the undersea electricity interconnection that will link the Greek and Cypriot electricity systems. The project is moving forward, although the process has faced delays in recent years.
According to information available, the first drilling operations in the Ionian Sea are scheduled for April 2027. These surveys are necessary to study the composition of the seabed before the cables are laid. The surveys will help engineers choose the safest and most cost-effective route for the cable.
In parallel, the government is considering requesting an escape clause from the European fiscal rules. This clause would allow the country to increase spending on energy without breaching budget limits. No decision has been taken yet, and the issue is expected to be discussed with European partners.
Overall, energy infrastructure projects and consumer support remain at the centre of government policy. The progress of the GSI project and the next decisions on spending will be important for the energy security of Greece and Cyprus in the coming years.
Sources: Οικονομικός Ταχυδρόμος
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