Greece and Cyprus may agree to link the power grids of Crete, Greece’s largest island, and Cyprus to raise security and increase supplies, the Greek energy minister said.
“We will look into the financial and technical aspects of linking Cyprus and Crete with the prospect of linking Crete with continental Greece,” George Papaconstantinou, Greece’s environment, energy and climate change minister, said today in a statement on the website of Cyprus’s Press and Information Office. Papaconstantinou is on a visit to Cyprus.
State-owned power producer Electricity Authority of Cyprus has been buying power from the Turkish
Cypriot system daily since a July 11 explosion damaged Cyprus’s largest power plant and cut its producing capacity by half. The subsequent power failures hurt the country’s economy, the euro area’s third- smallest.
(source: bloomberg)
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