European prosecutor office launches probe into Greece-Greek Cypriot subsea power cable project
Greece's spending is still to be recovered amid dispute over Greek Cypriot Administration's annual contribution

BRUSSELS
The European Public Prosecutor's Office (EPPO) confirmed Thursday to Anadolu an ongoing investigation into the Great Sea Interconnector (GSI), a planned subsea power cable linking Greece and the Greek Cypriot Administration, without providing further details.
"The EPPO can confirm that it has an ongoing investigation. No further details can be made public at this time, in order not to endanger the outcome of the investigation," Press Officer Paula Telo Alves told Anadolu.
Greek government spokesperson Pavlos Marinakis said Athens has not yet been contacted by EPPO regarding the probe and will seek more information from Greek Cypriot Administration, Greek daily Kathimerini reported.
Marinakis added that Greek Cypriot Administration has not shared studies suggesting the project is economically unviable, and stressed that Greece remains committed to its completion.
The €1.9 billion ($2.2 billion) project is co-financed with €657 million from European funds. Greece's grid operator ADMIE has spent around €300 million ($349 million) on the project so far, with costs yet to be recovered.
A key dispute between the two countries concerns Greek Cypriot Administration's expected annual contribution of €25 million ($29 million) over 2025-2030 to cover ADMIE expenses.