Cyprus has approached the United Arab Emirates for possible cooperation on an EU-financed subsea power cable linking Europe to the eastern Mediterranean region, it said on Monday, reaffirming its commitment to the project.<\/p>\n\n\n\n
European prosecutors said last Thursday that they had launched an investigation into possible criminal offences relating to the 1.9 billion euro ($2.2 billion) cable to link Greece with Cyprus and later to Israel, a project all three countries say they support despite a series of delays.<\/p>\n\n\n\n
“To cite just one example that proves this political commitment of ours, I myself and the foreign minister visited the United Arab Emirates,” Cypriot President Nikos Christodoulides told reporters after comments from Greek Prime Minister Kyriakos Mitsotakis at the weekend urging Cyprus to clarify its views on the matter.<\/p>\n\n\n\n
“I met with the president of the country precisely to discuss this issue and to consider the possibility of a joint partnership … to invest in other areas related to this project.”<\/p>\n\n\n\n
Christodoulides did not comment on the European investigation announced last week.<\/p>\n\n\n\n
The cable is being built by Greek transmission operator IPTO, which took over in late 2023 from a Cyprus-based operator that had been working on the project for about a decade.<\/p>\n\n\n\n
Project promoters say the link would be the world’s longest high-voltage cable at 1,240 km (770.5 miles) and also the deepest, at 3,000 meters.<\/p>\n\n\n\n
Cyprus has repeatedly sought clarifications on the total cost of the project, its viability and any liabilities for unforeseen delays.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cyprus has approached the United Arab Emirates for possible cooperation on an EU-financed subsea power cable linking Europe to the eastern Mediterranean region, it said…<\/p>\n","protected":false},"author":2,"featured_media":2813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,62,16,8],"tags":[132,133,78,69],"class_list":["post-2812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mena","category-europe","category-finance","category-politics","tag-cyprus-president-nikos-christodoulides","tag-europe","tag-finance","tag-uae"],"yoast_head":"\n