Greece, Cyprus Consider Linking Power Grids, Greek Minister Says
Greece and Cyprus may agree to link the power grids of Crete, Greece’s largest island, and Cyprus to raise security and increase supplies, the Greek energy minister said.
“We will look into the financial and technical aspects of linking Cyprus and Crete with the prospect of linking Crete with continental Greece,” George Papaconstantinou, Greece’s environment, energy and climate change minister, said today in a statement on the website of Cyprus’s Press and Information Office. Papaconstantinou is on a visit to Cyprus.
State-owned power producer Electricity Authority of Cyprus has been buying power from the Turkish Cypriot system daily since a July 11 explosion damaged Cyprus’s largest power plant and cut its producing capacity by half. The subsequent power failures hurt the country’s economy, the euro area’s third- smallest.
Cyprus, the east Mediterranean island state, is divided between the self-declared Turkish Republic of Northern Cyprus and the internationally recognized Republic of Cyprus. The territory was divided when Turkey invaded the northern third of the island in 1974 after a coup, inspired by the military junta then in power in Greece.
To contact the reporter on this story: Stelios Orphanides in Athens at sorphanides@bloomberg.net
To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net
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