The Independent Power Transmission Operator (ADMIE), the entity responsible for the Cyprus-Greece (Crete) electrical interconnection project, known as the Great Sea Interconnector, presented new cost-benefit analysis data to the Cyprus Energy Regulatory Authority (CERA) on Monday, July 15.

According to sources from the Cyprus News Agency, ADMIE explained the new data to CERA leadership and requested a reassessment of the Authority's decision.

On July 2, CERA had rejected the implementation body's proposal for "recognition of reasonable returns and revenues and recovery during the construction period" of the project. CERA deemed it more appropriate to make such a decision from the commencement of the commercial operation of the interconnection line.

Following these explanations, it is now up to CERA to decide, based on the new data, whether to modify its initial decision.

The same sources indicate that ADMIE needs to give its final order to the French company Nexans to proceed with the cable construction connecting Cyprus and Crete by the end of August. It is estimated that CERA will have to make its decision before this deadline.