To 17:00 will take place in Maximus Palace meeting under the prime minister Kyriakos Mitsotakis on the subject of her Greece-Cyprus electricity interconnectionwith the leadership of Ministry of Environment and Energy and its administration ADME.

Earlier, Cypriot President Nikos Christodoulides had been called upon to comment on today’s newspaper “The Liberal”, which reveals that ADMIE is submitting in his letter to new demands on the much -discussed work of the GSI Interconnector cable because

“If the head of ADMIE thinks that the Cypriot government is blackmailed by letters or paid entries, he obviously does not know who he has to do,” he said today.

Mr. Christodoulides commented in a particularly indicative style of what is mentioned in the report, saying: “To mention first that I have been informed of the front page you have mentioned. It should be noted that there is a complete understanding and agreement – framework between the Greek and the Cypriot government for this project. Recently in New York we agreed with the Greek Prime Minister on how we are going very specific and, in fact, a relevant announcement was issued. “

“From then on,” the President of the Republic of Cyprus continued, “and I want to mention it, if the head of ADMIE thinks that the Cypriot government is blackmailed by such letters or paid entries, obviously does not know who it has to do with. The Cypriot government is not blackmailed by any ADMIE leaders and the Cypriot government is here to support only the interests of the Cypriot people. This is the clear message to the head of ADMIE. “

In a journalist’s observation that ADMIE’s major shareholder is the Greek government, President Christodoulides said, “It is not the Greek government that decides on the letters sent by ADMIE, because with the Greek Government there is a framework for how the work is going on, and there is a good time,

The “Liberal” reveals that ADMIE as the implementing body of the project “has appealed to the RAEK against the Regulatory Authority’s decision, dated 31 July 2024, to approve the recovery of € 82 million, with the right of € 25 million for the period January 20”. “Information,” the report continues, “they bring ADMIE to seek to be acknowledged the right to recover 251m euros for spending so far before the project is completed.”

“With the objection,” the newspaper writes, “ADMIE calls for the annulment of the July decision – for which it had been strongly pressured for a long period – and its replacement by another, which will approve the recovery of all its expenses for the cable, as they will be justified.”

The report indicates that, “in essence, ADMIE attempts to overturn the framework of an agreement signed by the Cyprus and Greece governments in July 2024, which predicts that Cyprus will not pay at the construction stage of all the costs that Greece will do, but only 25 million). All other expenses will be gradually paid by electricity consumers in Cyprus (63-37%) after the operation of the electric interconnection. “

“But the main one,” he concludes, “is that the implementing body challenges and attempts to overthrow the regulatory framework that has approved RAEK and RAAEE in July ’24, after first incorporating governments agreement for 125 million by 2029.”

ADMIE denies the liberal Cyprus

In the meantime, ADMIE denies, through the announcement of his categorical information included in the publication of the Cypriot website Philenews entitled “Apocalyptic: ADMIE war on the cable – a bomb letter to RAEK – is preparing for the appeal to its justice” – Cyprus.

ADMIE recognizes and claims the agreed first installment of € 25m for 2025, and nothing more about project investment costs (CAPEX), and denies arbitrary and indifferent information to the publication of a direct claim of € 251m, which will be part of the € 1.9m, Setting -defined depreciation.

The reason that ADMIE, on the basis of its predicted contractual right, requested a revision of the RAEK decision on July 31, 2025, is that the RAEK with this decision did not recognize the expenses made by the manager to date, despite the information it has received and despite the fact that the Greek regulatory authority recognizes them.

Specifically, RAEK recognized only € 82 million, compared to about € 251 million, which are investment costs to date.

ADMIE recognizes the € 25 million for recovery for 2025 as against the actual income of the project, which must be calculated on the basis of all investment expenditure, as Raeabs do, claims for this reason the recognition by the RAEK of all its actual expenditure to date. The objection shall provide all the necessary information to be taken into account.