News are expected on the funding of the Euro-Asia and Euro-Africa Interconnector projects by the beginning of next year, Energy, Commerce and Industry Minister Natasa Pilides has said.
Pilides, who was addressing the 12th Limassol Economic Forum, on Friday, referred to the challenges and the actions the Ministry is undertaking to meet Paris Agreement and EU Green Deal goals.
Referring to the challenges, she said that Cyprus has an isolated system with no interconnection, there is a monopoly in the electricity market and there are no storage facilities.
Source: Cyprus News Agency