Progress on the completion of the European Investment Bank (EIB) study on the Cyprus-Greece electricity interconnector project is expected by the end of the year, according to Government Spokesperson Konstantinos Letymbiotis.
Speaking at a press briefing and asked about the European Investment Bank’s study concerning the electricity interconnector between Cyprus and Greece, the Spokesperson said that Cyprus and Greece had jointly approached the EIB precisely to have this study carried out. ‘So it was also our aim, and our view, that this study should go ahead,’ he said. He noted that the EIB had received the data from the implementing body.
‘In any case, however, I believe that anyone familiar with how feasibility studies are drawn up and how they are produced – given their technical complexity and geopolitical nature – and even more so in the case of an EU project of common interest that has received the highest level of funding ever granted to a project of its kind, the study will be assessed,’ he said. He noted that, according to the information they had received, progress would be made towards the completion of the study by the end of the year.
He also noted that the Government’s approach from the outset had been to clarify all aspects and all parameters of ‘a project of great importance to the country and the region, so that it can be completed on time and in the best possible way’.
The results of the study will always be assessed in coordination with the Greek Government and the implementing body, he said.