There is very close coordination on the country's energy planning in order to reduce the price of electricity as soon as possible, Government Spokesperson Konstantinos Letymbiotis said on Tuesday, following the military parade for the Independence Day of the Republic of Cyprus in Nicosia.

Asked about developments in the energy sector following the meetings of President Nikos Christodoulides in New York, Letymbiotis said that significant steps have been taken in the three main pillars of the Republic of Cyprus' energy plans, namely the arrival of natural gas, the electricity interconnections and the acceleration of Renewable Energy Sources penetration.

He further explained that important meetings were held in New York with the Greek Prime Minister and the French President regarding the electrical interconnection project, as well as with the United Arab Emirates state-owned company TAQA, which has expressed interest to participate in the Great Sea Interconnector project, and with Chevron regarding the Aphrodite project.

"We are in very close coordination because we understand and appreciate the importance of energy planning for every Cypriot household and its implementation as soon as possible in order to reduce the price of electricity in our country," Letymbiotis said.

He also indicated that the decisions taken in the previous period should be activated and implemented as soon as possible.