Cyprus to pay interconnector dues once Greece issues survey notice

Cyprus’s position on funding the Great Sea Interconnector (GSI) has not changed despite Meridiam’s acquisition of a majority stake in the project, with Nicosia still planning to make payments only once Greece issues a navtex clearing the way for seabed surveys, according to information reaching Phileleftheros.

Greece’s power grid operator ADMIE and French investment firm Meridiam signed an agreement last Wednesday for Meridiam to acquire two-thirds of the share capital of the Great Sea...