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Cyprus Ties €25 Million Payment to NAVTEX Issuance by Greece, Energy Minister Says

NICOSIA – Cyprus’s €25 million payment toward the Great Sea Interconnector (GSI) electricity interconnection project is linked to the issuance of a NAVTEX by the Greek Government before the end of October, Energy Minister Michalis Damianos said, noting that the Government intends to make the agreed payments as the project progresses. Speaking after presenting his...

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The expenses declared by IPTO are 302 million euros

The processes for the resumption of investigations into the laying of the Greece-Cyprus cable are entering their final phase. Athens is focusing its attention not only on the formal issue of NAVTEX but also on the negative messages from the Turkish side. The framework within which Greek diplomacy operates was described by the President of the Republic and the Minister ... More www.ertnews.gr

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"The burden on Cypriot consumers through electricity bills will begin when the project is completed," says the Minister of Energy

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The relevant permits have been granted and the issuance of NAVTEX by Greece is expected between 23 and 26 October for the surveys for laying an electric cable between Crete and Cyprus, according to information from the Cyprus National Maritime Administration. With the issuance of Naftex, the 25 million euros that the Republic of Cyprus must pay for the […] The permits for GSI – NAVTEX have been granted in October and 25 million euros have been r…

Significant developments are being recorded around the Greece-Cyprus-Israel electricity interconnection project (Great Sea Interconnector – GSI), as the relevant permits for conducting marine surveys have been granted, while the issuance of NAVTEX by Greece is expected between 23 and 26 October. According to information from the Cyprus Electricity Regulatory Commission, the issuance of NAVTEX will also activate the disbursement process of the 25…

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sigmalive.com broke the news on Monday, October 19, 2026.
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