Energy Minister highlights importance of electricity interconnection projects for Cyprus

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Given Cyprus' energy isolation, the more electricity interconnections there are, the better, Minister of Energy, Commerce and Industry, Michael Damianos, said on Thursday, responding to journalists' questions during a press conference on the Ministry's work report during Cyprus's Presidency of the EU Council.

When asked to comment on the announcement of the Cyprus-Lebanon agreement for a preliminary feasibility study regarding a potential electricity interconnection between the two countries, and whether this project could possibly be associated with the Greece-Cyprus-Israel electricity interconnection project, the Minister noted that the latter is a project that is much more mature than the one concerning Lebanon. He added that the project concerning Lebanon has different funding, as it is not a European project.

However, he emphasized the importance of electricity interconnection projects for Cyprus, stating that they provide security. Damianos explained that the funding for the project concerning Lebanon will come from the World Bank at a later stage. Regarding the letter to the World Bank, he said it will be signed within the day. As for the electricity interconnection between Cyprus and Lebanon, he said that depending on the outcome of the preliminary study, a more detailed study may follow regarding the benefits of this interconnection to see how it can proceed.

Source: Wikipedia