The government is concerned the European Commission may withdraw its €657 million subsidy for the electricity connection between Cyprus and Greece through the Great Sea Interconnector project, Energy Minister George Papanastasiou said on Thursday.

His statements come as Greece’s Independent Power Transmission Operator (Admie) called the project not viable and stakeholders said it was a sinking investment.

The developments are a result of a decision by Cyprus’ Energy Regulatory Authority (Cera) to reject the idea of imposing a €0.6 cents levy on consumers per kilowatt hour…