Source: European Parliament
The Commission is well informed of the latest developments concerning the Great Sea Interconnector project and the associated risks regarding the project implementation schedule.
The Commission is in regular contact with the Greek and Cypriot authorities, at both Ministerial and technical level, as well as with the energy regulatory authorities of the two countries and the project promoter.
As a project of common interest under the regulation (EU) 2022/869 of the European Parliament and of the Council of 30 May 2022 on guidelines for trans-European energy infrastructure (‘TEN-E Regulation’)[1], the Great Sea Interconnector continues to have the full support of the European Commission, as it is intended to end the energy isolation of Cyprus, allow for a higher share of renewables in its energy mix, bring the potential to lower energy prices for consumers and increase the security of energy supply of two EU Member States and the EU system altogether.
Projects of common interest are closely monitored by the Commission and there are regular contacts with both governments concerned. So far, the designation of a European coordinator under Article 6 of the TEN-E Regulation has not been considered for the project in question.
- [1] https://eur-lex.europa.eu/eli/reg/2022/869/oj