By Gifts Antoniou

“The project will proceed if the financial details are resolved,” Athens said of the Greece -Cyprus electric connection cable, in the wake of the new crisis that occurred yesterday. Government sources are rushing to clarify that “relations between Greece and Cyprus remain undisturbed, regardless of the evolution of the project” in a clear attempt to entertain the impression that the generally burdened atmosphere focusing on the work of the electric connection can not be able to do so.

The message that Athens sends shows that there is a dimension of views on the financial details, which has long been rumored. From the Maximos Mansion, where an extraordinary meeting was held yesterday afternoon, it became known that the government would soon be positioned on the latest developments.

It had been preceded by the harsh reaction of the President of Cyprus, Nikos Christodoulides, in a report in the newspaper “Liberal”, according to which ADMIE requested the Cyprus regulatory authority (RAEK) to be recognized as the right to recover 251m euros for the project. It is recalled that RAEK, by its decision in July, has approved a recovery of € 82 million for ADMIE, with the right to collect 25 million for the period January – December 2025. However, the Cypriot side has been set as a condition for the EUR 25 million disbursement for 20 million euros. after Turkey’s reaction.

ADMIE, in his announcement, wanted to deny the report, however, confirming the dimension of views on spending to date. He said, in particular, that he “claims the agreed first installment of 25m euros for 2025, and nothing more about project investment costs (CAPEX), and denies the arbitrary and unstoppable information of the 251m -euro, which is a part of the € 251m, which is a part of the € 1.9m, 35 -year -olds specified 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, the RAEK recognized only € 82 million, compared to approximately EUR 251 million, which are certified investment costs to date. “

The President of Cyprus, Nikos Christodoulides, raised the tones vertically, stating that “if the head of ADMIE thinks that such letters or paid registrations the Cypriot government is blackmailed, he obviously does not know who he has to do. 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. ” He added 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. “

Athens’ position that the project will proceed “if the financial details are resolved” shows that there are pending issues and a different approach to them between the two sides. At the same time, Athens has said that the project is important for Cyprus, as it will enhance its energy security and not for Greece.

At the same time, a dimension of views between Nicosia has been recorded between Mr Christodoulides’ statements on Cyprus’s commitment to the implementation of the project and to challenge Cypriot Finance Minister Maki Keravnou, for his viability. In the background, there is a strong rumor for economic interests, active in the energy market in Cyprus and do not want the completion of the project as they see it competitively.