Nicosia has yet to resolve a 50 million euro payment tied to the interconnector, as French crews prepare to carry out the remaining seabed surveys between Crete and Cyprus in October

Sources quoted by OT.gr said they expected the process for the national grid operator's share capital increase to begin at the end of January

Greece's IPTO, Rome-based Terna sign MoU in Rome on sidelines of second high council of cooperation headed by respective countries' premiers

Previous concerns by Cyprus' power regulator over cost-sharing and sustainability in the face of geopolitical turbulance appear to have been overcome

Both Greek, Cypriot energy ministers merely note that negotiations will continue; Nicosia has tabled reservations over cost-sharing, project's viability

If the provisions of the draft agreement are implemented, the project becomes viable and avoids a summary collapse

According to the state-affiliated electricity distribution network in the country, power returned after the blackout in the morning