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European prosecutors have initiated an inquiry into the 1.9 billion euro (USD 2.12 billion) Great Sea Interconnector project connecting Europe and the eastern Mediterranean. Developed by Greek operator IPTO, the project aims to link European and Cypriot transmission networks and later extend to Israel. It has faced repeated delays, raising questions about its cost and viability. Cypriot President Nikos Christodoulides confirmed the investigation into possible criminal offenses but noted no specific targets have been identified. Upon completion, the cable is expected to be both the world's longest and deepest high-voltage subsea link.
European prosecutors have launched an investigation into potential criminal offenses related to a 1.9 billion euro (USD 2.12 billion) EU-backed project aimed at constructing a subsea electricity cable connecting Europe to the eastern Mediterranean, according to Cyprus's president. Advertisement
The Greek power grid operator, IPTO, is developing the Great Sea Interconnector to link European and Cypriot transmission networks, with plans to extend the cable to Israel through the Mediterranean Sea. The project has experienced multiple delays, which prompted Nicosia to seek clarification on the total costs, feasibility, and potential liabilities. Earlier this year, Greece confirmed its commitment to the project despite reports that financial and geopolitical issues had caused a temporary halt.
Cypriot President Nikos Christodoulides told reporters that the European Public Prosecutor's Office had opened an inquiry into possible criminal offenses after receiving complaints related to the project. He added that the investigation does not currently specify any particular individuals or organizations as targets.
The EPPO has not responded to requests for comment, and IPTO in Athens also declined to provide a statement.
Project promoters say that once completed, the cable will be the world's longest high-voltage subsea link at 1,240 kilometers (770.5 miles) and the deepest at 3,000 meters below sea level. The project is seen as a key step in improving energy connectivity between Europe, Cyprus, and Israel.
Source- Reuters
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