The level of the uncertainty of the project Great Sea Interconnector (GSI) The Cyprus Minister of Finance, Makis Keravnos, raised sharply. In particular, in an interview with the daily Cyprus, Mr Keravnos said that the work of electric interconnection is not viable with these terms, citing the two independent studies he has before him.

Asked about the discussion on the cable, Mr. Keravnos noted: “I have two studies from independent and serious organizations before me, which conclude that this project is not viable, under these terms.”

Asked why there is still a discussion on whether the project is viable or not, the minister stressed that “the debate is taking place because the project is complex with an economic, technical and geopolitical aspect. I would also like to note something else. It has been discussing this project since 2010 and described as European, as the Commission has decided to fund it with 650 million. The question I ask is why the European Commission, which has funds under strict terms and specific timetables, after so many years does not wonder why this project was not done? “

Regarding payments and € 25m, for which the green light turned on in the past, RAEK, Mr Keravnos, emphasized that “with today’s economic, technical and geopolitical data that characterizes the project, paying the amount of 25m is not a simple case. It is needed to secure some serious parameters first. “