Despite the solemn dimension given to yesterday's signing of a memorandum of understanding between the governments of Cyprus, Greece and Israel, for the interconnection of the three electricity networks through the EuroAsia Interconnector pipeline, yesterday's event does not hasten or finalize its execution. main reason for political movement-development and not business.
As the Minister of Energy, Natasa Pileidou, stated yesterday, “with the memorandum, the three countries come to the realization that they must work together for the timely granting of permits and approvals required for the conduct of sustainability surveys, as well as discussions and cooperation between national energy regulators and transmission system operators “.
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Signatures for EuroAsia Interconnector dropped The memorandum for EuroAsia Interconnector is finalized
In other words, yesterday's memorandum is a commitment between the three states that they will work together to gradually authorize the individual projects that make up the interconnection, in case it will proceed, if its viability is confirmed by new feasibility studies and if the final investment is taken. decision (FID), which requires the completion of detailed design FEED (Front-End Engineering Design).
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