Cyprus Energy Sector Criticized for Infrastructure Failures and Mismanagement

Incompetence and graft, that’s the problem. The rest is excuses.

As former Energy Minister Yiorgos Papanastasiou put it on Sigma, “the great failure in Cyprus’s energy sector is infrastructure, namely completing infrastructure projects.” He pointed to the Vasilikos gas terminal as the textbook example, noting that we’ve been trying to finish it since 2019. State bureaucracy, tendering, appeals and the legal wrangling between everyone involved […]

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