IPTO strengthens its international presence and forges closer ties with transmission operators from countries including the United States, China, France, Brazil, and Russia.

RAEK committed to approving the regulated revenue mechanism that will allow funds to be collected from Cypriot electricity consumers to support the project’s financing.

The focus of the latest virtual meeting is to address concerns raised by Cyprus’s energy regulator RAEK regarding approval of the funding mechanism for the project.

According to the grid operator, July 22 marked the beginning record-breaking power consumption, with demand peaking between noon and 13.30

According to IPTO, Greece’s high-voltage Transmission System Operator, electricity demand is expected to peak at approximately 9,700 MW during the early afternoon hours of July 8.

The need to regulate output arises from Greece’s rapidly growing reliance on renewable energy sources—mainly solar and wind—which places the country among the global frontrunners in green energy use.

IPTO Managing Director Manousos Manousakis: 'We knew very well that Turkey wouldn't congratulate us for wanting to connect Cyprus with the European network, but specifically with Greece'

A €2 billion Israel-Cyprus-Greece power connection hangs in the balance, with Greece's Independent Power Transmission Operator urging French multinational Nexans to give more time

Linking grids of Israel, Cyprus and Greece, ie mainland Europe, of geopolitical importance for EU; Cypriot concerns cited costs to consumers

The head of Greece’s Independent Power Transmission Operator said a decision by Cyprus’ Energy Regulatory Authority makes the project non-viable

The Great Sea Interconnector project is characterized as a 2,000MW cable originally conceived in 2017 to bolster energy security in the wider region

The cable section specifically refers to the Crete-Cyprus interconnection, marking the first significant step in the contract signed last July, according to IPTO