President of the Republic of Cyprus, Nikos Christodoulides, and Greek Prime Minister, Kyriakos Mitsotakis, announced on Wednesday their decision to proceed with the immediate updating of the economic and technical parameters of the Cyprus-Greece electricity interconnection cable project (Great Sea Interconnector, GSI) so that it can potentially be strengthened with powerful investors.
The announcement was made during their joint statements following the end of the 3rd Intergovernmental Summit of the two countries.
Regarding the Cyprus issue, the Prime Minister of Greece and the President of the Republic of Cyprus reiterated their common position on an effort that would resume the Cyprus talks on the basis of the UN resolutions. President Christodoulides thanked Greece for remaining the most stable and selfless ally and partner of Cyprus and while PM Mitsotakis noted that it is now up to others to prove whether they really want a process of restarting the talks.
In his statements, President Christodoulides said that two years after the establishment of the Intergovernmental Conference, significant progress and developments have been achieved in the coordination and strategic orientation of the two governments in a wide range of policies. He underlined that the convergence of Athens and Nicosia has been and remains a fundamental pillar of stability in a special and often turbulent region.
“We share common roots, common values, a common vision and a common duty: to defend security and stability both in our countries and in our neighborhood, as well as of course the well-being of our citizens,” he noted, adding that the strategic alignment and synergy of Greece and Cyprus is uninterrupted and absolutely effective.
In his statements, the Greek Prime Minister noted that the two countries decided to proceed with the updating of the economic and technical parameters of the interconnection project “so that it can be strengthened with the entry of new, powerful investors, which is to the benefit of all of us”.
Prime Minister Mitsotakis underlined that Athens and Nicosia remain committed to a peaceful cooperation based on international law and the law of the sea and added that in a time of uncertainty they are pillars of stability and reliability in the wider region. This, he added, was shown in practice with the “very important agreements of US companies” that were signed a few days ago and “which contribute to the energy security of the whole of Europe, from the Mediterranean to Moldova and Ukraine”.
