“In order to proceed with the work of Greece’s electrical interconnection with Cyprus, it is necessary to lift the reservations about its viability and to resolve all the technical and economic issues pending,” Environment and Energy Minister Stavros Papastavrou said in an interview today.

After stressing that relations between Greece and Cyprus are unconstitutional, they are the foundation of Hellenism and are above any work, he noted that his progress is stuck in a constant questioning of his viability. While a question about the blackmail positions on the part of ADMIE, Mr Papastavrou stressed: “51 % of ADMIE belongs to the Hellenic Republic. The Hellenic Republic does not blackmail, it only speaks institutionally. “

“It is a project of strategic importance that will put an end to the isolation of Cyprus, will help reduce energy prices in Cyprus, a project co -funded by the European Union with 657 million. And obviously in order to finance the European Union, he considers it financially viable. Greece and Cyprus have called for this funding so both countries consider it to be financially viable.

It has so far cost 300 million euros that ADMIE has paid entirely. For this project we have constantly conflicting messages from the Cypriot side. The Minister of Finance of Cyprus, even after Mr. Christodoulides’ meeting with Mr. Mitsotakis, disputes the viability of the project in principle. As if one minister is only committed to the agreements he has signed, “Papastavrou added. He also said that the next Council of Ministers of Energy will discuss the matter with his Cypriot counterpart.

Asked about the energy prices, the minister said that the current price was high but in September fell to the September 2021 level and the decrease was maintained despite the rise in wholesale. He stressed that the installation of smart electricity meters would significantly reduce the potential. Asked about the cost of businesses for businesses, he said that there was a subsidy program for increased energy costs last spring, while for large companies he referred to the prime minister’s announcements tomorrow at the BSE General Assembly.

Finally, he noted that the contract with the Chevron for the granting of maritime hydrocarbon investigations will be submitted to the Court of Auditors by the end of November, followed by the deposition in Parliament for ratification so that seismic and geophysical surveys will be launched in 2026. It will lead all Greeks and Greeks to another level of life, “the minister concluded.