In the categorical denial of the Cyprus “Liberal” publication, according to which the ADME claims funds multiples of € 25m of the first installment for her work electrical interface Greece – Cyprus, The independent administrator proceeded.
“THE ADME recognizes and claims the agreed first installment of 25m euros for 2025, and nothing more in terms of investment costs of the project (CAPEX), and denies the arbitrary and unstoppable information of the report of a direct claim of € 251 million, “the manager stresses, noting that the amount is part of 1.9 billion. Euro of the project, which will be recovered at a depth of 35 years.
According to the announcement, the ADME requested revision of the decision taken by the RACE On July 31, because the latter “did not recognize the expenses the manager has made to date, despite the information he has received and despite the fact that the Greek regulatory authority recognizes them. Specifically RACE It recognized only € 82 million, compared to about € 251 million, which are investment expenditure to date. ”
ADMIE recognizes EUR 25 million for 2025, as against the actual income of the project and calls on the RAEK all its actual expenditure to date.
ADMIE’s announcement in detail
ADMIE denies categorical information contained in the Philenews Cypriot website entitled “Apocalyptic: ADMIE war on the cable – a bomb letter to RAEK – is preparing to appeal to justice” for its claims by its claims.
ADMIE recognizes and claims the agreed first installment of € 25m for 2025, and nothing more about project investment costs (CAPEX), and denies arbitrary and indifferent information to the publication of a direct claim of € 251m, which will be part of the € 1.9m, Setting -defined 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, RAEK recognized only € 82 million, compared to about € 251 million, which are investment costs to date.
ADMIE recognizes the € 25 million for recovery for 2025 as against the actual income of the project, which must be calculated on the basis of all investment expenditure, as Raeabs do, claims for this reason the recognition by the RAEK of all its actual expenditure to date. The objection shall provide all the necessary information to be taken into account.