Diko leader Papadopoulos demands Finance Minister Keravnos resign over Great Sea Interconnector opposition
Nicholas Papadopoulos, leader of Diko, has called on Finance Minister Makis Keravnos to resign due to his opposition to the Great Sea Interconnector project. The planned initiative aims to link the energy grids of Cyprus, Greece, and Israel, and is seen as a strategic upgrade expected to reduce energy prices. Papadopoulos criticized Keravnos for opposing the project without presenting supporting studies or data, highlighting contradictions with the President's support and upcoming procedural steps like the issuance of a navtex to facilitate seabed surveys.
Keravnos has expressed concerns that the interconnector could exceed projected costs and questioned its impact on lowering consumer electricity prices. His skepticism has created tensions with other cabinet members, including Energy Minister Michael Damianos, who also warned the project might increase costs. These views contrast with earlier statements from the European Commission and former Energy Minister George Papanastasiou, who emphasized that better interconnectivity and increased market competition should lower prices.
Papadopoulos’s direct challenge to Keravnos comes despite the latter’s longstanding affiliation with Diko and previous governmental service. The controversy underscores divisions within the Cypriot government over the interconnector's viability and potential effects on the country’s energy market and strategic position.
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