IPTO

A €2 billion Israel-Cyprus-Greece power connection hangs in the balance, with Greece's Independent Power Transmission Operator urging French multinational Nexans to give more time

Linking grids of Israel, Cyprus and Greece, ie mainland Europe, of geopolitical importance for EU; Cypriot concerns cited costs to consumers

The head of Greece’s Independent Power Transmission Operator said a decision by Cyprus’ Energy Regulatory Authority makes the project non-viable

The Great Sea Interconnector project is characterized as a 2,000MW cable originally conceived in 2017 to bolster energy security in the wider region

The cable section specifically refers to the Crete-Cyprus interconnection, marking the first significant step in the contract signed last July, according to IPTO