DFC sends Letter of Intent to IPTO for participation in Great Sea Interconnector project

Business 22 May 2024 10:50

The US International Development Finance Corporation (DFC) sent a Letter of Intent to Greece's Independent Power Transmission Operator (IPTO), expressing interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus, and Israel, IPTO said on Tuesday, CE Report quotes Athens-Macedonian

According to IPTO, America's development finance institution took the step following an economic and technical evaluation of the project, and will participate either in the share capital or funding loan, or a combinatin of both.

Tags

Romania Open for Business

8 May 13:00

Amid rising economic pressures, including increased interest rates and fears over losing European funds, Romanian Economy Minister Ivan emphasized the need for calm and stability.

Bulgarian Nurses Protest for Better Conditions

7 May 22:30

On International Nurses Day, May 12, the Union of Bulgarian Medical Specialists (UBMS) will stage a protest in front of the Ministry of Health at noon, announced UBMS Chair Maya Ilieva during a round table on Bulgaria’s healthcare issues.

Investor Exodus Over Political Turmoil

6 May 17:00

Investor fears are mounting as Romania faces a deepening currency crisis, driven by political instability, according to economic consultant Adrian Negrescu.

Bulgaria Reports Q1 Budget Deficit

5 May 23:00

Bulgaria’s revenues under the Consolidated Fiscal Programme reached BGN 16.83 billion in the first quarter of 2025, or 18.6% of the annual target, the Finance Ministry reported.

DFC sends Letter of Intent to IPTO for participation in Great Sea Interconnector project

Tags

Related articles

Most read

Press Releases

Features