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Electricity project for TRNC should be not be state funded: Yildiz

21 August 2015

Turkey’s Minister of Energy and Natural Resources Taner Yildiz, has said that they want to transfer electricity to Cyprus using the private sector and that they had spent several years, preparing a master plan for the island.

Yildiz who was a guest at the Diplomatic Correspondents’ Association, responded to questions regarding the price of electricity in the TRNC.

He said that should the project be implemented, the price of electricity in the North will fall by up to one third. He added that they do not think that is right for the project be funded the public sector and added that a plan sustainable for 30-50 years should be implemented for Cyprus’ electricity.

Referring to the increase of the foreign exchange rate, Yildiz expressed dissatisfaction with the development, noting that this would only benefit the exporters. He said that in spite of the fact that they are experiencing difficulties, they do not intend to force the business community and the people to pay the price.

Kibris Gazetesi