Minister of Economy and Energy Ozdil Nami, has said that consultation on the issues of bringing electricity from Turkey via undersea cables and using renewable energy sources has begun. He added that the ball is now in Turkey’s court.
Speaking to members of the Turkish Cypriot Chamber of Industry, Nami recalled that he had been discussing the issue of interconnecting the TRNC electricity grid with the Turkish mainland grid and making use of solar energy. “The ball is not in our court any more, it is in Turkey’s court”, he said. Noting that meetings are being held with the Turkish Cypriot electricity authority KIB-TEK, Nami said the following: “Investments will be made in the field of electricity, but things will not be like before. We should have access to cheap electricity”.
Referring to the devaluation of the Turkish lira, Nami admitted that it had caused a decrease in purchasing power, even though these developments do not depend on that. He said that during the establishment of the present coalition government, the economy was ranked 114 out of 144 countries, adding that their competitive power had decreased and that they needed to sit with Turkey to discuss the issue of incentives and credits for increasing production.