Damianos: French investor’s entry gives Great Sea Interconnector ‘new momentum’

Energy Minister Michael Damianos on Thursday welcomed the entry of French investment group Meridiam as the majority shareholder in the Great Sea Interconnector (GSI), saying the move gives the project “tremendous new momentum” and demonstrates the shared commitment of Cyprus and Greece to delivering the electricity link.

Speaking after the first cabinet meeting following the government’s reshuffle, Damianos said Meridiam’s participation fulfils a joint decision taken by President Nikos...