Philenews

Concerns Raised Over Delays and Lack of Transparency in Cyprus-Greece Electricity Interconnection

Published January 8, 2026, 06:15
Concerns Raised Over Delays and Lack of Transparency in Cyprus-Greece Electricity Interconnection

The author expresses concern over the delays and lack of transparency surrounding the Cyprus-Greece electricity interconnection project, a matter of strategic importance. Despite initial commitments for completion by 2029, the French company Nexans has announced a change in schedule without specifying a new delivery date. The author questions the credibility of Nexans' announcements and expresses fears about potential financial consequences for Cyprus and Greece, as well as the lack of information regarding compensation clauses in case the project is not completed. They highlight that Nexans appears to be fully covered for the delays, while the details of the contract remain unknown to most.