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ECONOMICS > Turkish power, water to boost Northern Cyprus

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The projects to transfer electricity and water from Turkey to Northern Cyprus will cut the industrial costs in the cash-strapped part of the island and promote competetiveness in all industries

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A delegation observes the pipes to be laid under the Mediterranean Sea to carry Turkish water as part of the ‘Northern Cyprus Water supply Project.’ DHA photo

A delegation observes the pipes to be laid under the Mediterranean Sea to carry Turkish water as part of the ‘Northern Cyprus Water supply Project.’ DHA photo

As the electricity and water from Turkey begins to flow to Northern Cyprus, the cost of these sources will drop and promoting the competitiveness in all sectors of the Turkish part of the island, said Sunat Atun, Northern Cypriot Economy and Energy Minister.

Turkey, the protector and the main financial supporter of the northern part, has begun construction of a pipeline under the Mediterranean Sea to supply water to Northern Cyprus which is also projected to be used for transferring Turkish electricity to island.

The project is expected to soothe northern Cyprus’s fundamental and chronic problems of water shortage and expensive electricity.

The price of electricity in northern Cyprus is around double that in Turkey, as while the electricity price in Turkey is around 24 kuruş kw/h (13 cent kw/h), it reaches 50 kuruş kw/h in the northern part of the island.

Speaking at the Turkish Republic of Northern Cyprus Chamber of Industry general assembly yesterday, the Cypriot minister said that the procurement of electricity from Turkey would bring the costs down considerably.

Currently, there are four electricity fares applied in Turkish Cyprus but as the Turkish electricity came in, there would be only one fare, Atun said.

The pipeline will provide 75 million cubic meters of water per year to Turkish Cyprus from southern Turkey, while the cost of the project is expected to reach around 1 billion Turkish Liras ($550 million).

The four-phase project kicked off with the groundbreaking construction of the Anamur Alaköprü Dam in the southern province of Mersin, which is directly across from Cyprus on the Mediterranean coast.

Liquidity need


In his remarks, Atun noted that the projects of transferring water and electricity from Turkey were “steps taken as part of the vision of reducing the input costs for industrial sectors” which “is not a slogan, but is a vision.”

Along with the ambitious water and electricity supply projects with Turkey, the Cypriot government’s incentives for the industry, tourism and agriculture sectors would continue as they were, the minister said.

The shortage of cash underlies the northern part of the island’s accelerated efforts to reduce costs and boost its industry as it eyes to increase its exports to cover its imports by backing local production.

“The country need exports not politics,” Atun said. “The rate of exports to imports is better than compared to five years ago but it’s true that there is still a cash problem in the country and we try to pump cash into markets.”

He warned against expensive luxury goods consumption which he says “causes money to flow abroad in abundance.” He said foreign exchanges should be raised to overcome this issue.

He also slammed the European Union during his speech and said delaying regulation which would permit direct trade between Turkish Cyprus and the European Union was the union’s shame. The EU’S open-secret protective policies’ results should be read carefully and lessons should be extracted, he added.

May/06/2013

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Grey Wolf

8/17/2013 12:14:07 AM

Good for everyone involved. What a nice story. Nice to hear. Thanks for reporting this.

gercek sesi

5/7/2013 3:09:17 AM

@pawel bury, what about all the money greek cyprus has taken on behalf of the whole island including turkish cyprus, in the form of eu development aid, imf loans, british bases rent,the greek inspired embargoes that have been designed to cripple the north, the electricity which greek cyprus provided to the north if we are deduct from the all the monies you have taken from the turkish side you owe us much more than $1.3 billion! Thanks to Turkey the whole island enjoys peace both gc & tcs!

DutchTurk JANICAR

5/6/2013 7:38:15 PM

@Pawel, what about any black on white signed agreement? No legal leg to stand on without an agreement, bye bye... ask the EU for more money....

mara mcglothin

5/6/2013 6:06:05 PM

ISMAIL Does that include girls as well? hmmmm

ilker avni

5/6/2013 4:47:16 PM

Forty years late,but better then nothing,Turkey owns the freehold of the entire Island so its only right that the freeholder carries out this big project to advance the Island and make life better for its citizens Bravo Turkey and Thank you.

Chris Green

5/6/2013 3:57:59 PM

I presume that it is only a matter of time before the Greek side will claim that the water (with HEP to follow) coming from Turkey next March is actually Greek owned and that the naughty Turks stole it from them and consequently they will want paying for it! Waste to Energy is also coming to Turkish Cyprus next year in the form of anaerobic digestion with possibly other types to follow.

ismail demir

5/6/2013 1:34:03 PM

vargen, first you learn the difference between total education level of society from 25 to 90 years olds (it is 6.5 years) and todays educational level of average kid (more than 12 years), before embarrassing yourself with ridiculous comments.

Pawel Bury

5/6/2013 1:30:10 PM

What about the electricity bill that TRNC owes to RoC for 40 years of free power?

ender bilici

5/6/2013 12:12:43 PM

#vargen I read before that you said that you are a greek cypriot...

john albay

5/6/2013 12:00:46 PM

Thank you Turkey! We will always be greatful for your help and Support to the TRNC and for helping break the inhuman Embargo of the now Bankrupt puppet statelet of the roc against the TRNC.
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