‘There is a risk if the money is given for her work electrical interface GSI (cable of Greece-CyprusGreat Sea Interconnector), “Cypriot Minister of Finance, Makis Keravnos, said on Monday (29.09.2025), adding that there are studies that the project is not viable.
In his statements following the cabinet meeting and the approval of the state budget for 2026, Mr. Keravnos was asked how much money Cyprus had given to the GSI electric interconnection and after responding negatively he was asked again why the project was in danger. “I still think there is a discussion on this issue. If we give them there is a risk. As I have said, there are studies that say the project is not sustainable. “
Answering a question whether the “extreme scenario should Cyprus shoulder the cost of electrical interconnection in the event that this grand project continues to be in the” fridge “, the Cypriot minister said that he had already talked about internal and external dangers that have weighted them in the” GSIs “.
Asked about the cost of the project, he also referred to his earlier statements that “no one knows.” In a journalist’s observation that some have made a transnational agreement and agreeing memoranda, he replied that “I inform you about what I know. I have not signed any memorandum. “
Asked if it will be removed from the projects under the GSI’s recovery and durability plan, which is a sponsorship of 100m euros from the loan department, Mr. Keravnos said that “this is a matter we are studying. With the data so far, at least until the recovery plan is completed, if no new elements occur, this seems to be removed. “