Morning briefing · checked daily
What moved recently in Energy, Cyprus, Boron — every item with source and date. Researched and checked by Zeynah.
Energy
A pending ministerial decision is to set the order in which up to 3,800 MW on the transmission grid and 900 MW on the distribution grid receive final connection offers from IPTO and HEDNO; around 720 projects totalling about 9 GW passed the first readiness check.
Source: energypress · dated
Energy
According to Greek Prime Minister Kyriakos Mitsotakis, the power link between Greece and Cyprus, with a possible extension to Israel, has received over €600 million in EU subsidies; the French fund Meridiam is the majority shareholder.
Source: Cyprus Mail · dated
Cyprus
According to the report, six firms have expressed interest in the terminal, stalled since July 2024, including China Harbour (in talks with Cyfield), Saipem, Terna, Avax, Archirodon and ECOnnect Energy; costs are estimated at about €180 million with roughly two years of construction.
Source: Cyprus Mail · dated
Boron
According to award notice no. 2026/1208281, AVOS GRUP İnşaat won the contract for 82.4 million tonnes of overburden removal at the Hisarcık open pit of the Emet boron operations, with a contract value of TRY 4,585,560,000.
Source: ihalepro.com · dated
Derived from the items above — not a forecast.
With an estimated investment volume of about €2 billion, there is demand for storage equipment, grid connections and financing, especially among smaller developers expected to fund around 40% from own resources.
Political backing from the EU, France and the US supports continuation of the project and thus future demand for cables, converter technology and grid connection in Cyprus.
The re-award creates demand in Cyprus for construction, piping and plant engineering as well as subcontractors for the bidding consortia.
A contract of this scale creates demand at the Emet site for earthmoving equipment, haulage, spare parts and maintenance – openings for suppliers and subcontractors.