The bid to link the power grids of Greece and Cyprus received a new boost Wednesday with French investment group Meridiam joining the Great Sea Interconnector project as a majority stakeholder, in an agreement with a strong financial and geopolitical footprint.
The deal signed at the Greek prime minister’s Athens office, in the presence of Kyriakos Mitsotakis, opens a new chapter in one of the biggest and most complex energy projects in the eastern Mediterranean Sea.
Mitsotakis hailed the agreement as “an important step forward” for the GSI, which he called “a project of strategic importance for Greece and Cyprus but also for Europe as a whole.”
“It will help essentially end Cyprus ‘s energy isolation,” Mitsotakis said.
