in-cyprus6 Aug 2026

What Meridiam’s Great Sea Interconnector takeover means for the Cyprus link

What Meridiam’s Great Sea Interconnector takeover means for the Cyprus link

On September 27, 2025, it was announced that CERA had made two significant decisions, granting an ownership licence and a management licence for the electricity interconnection to Great Sea Interconnector (GSI). At the time, IPTO owned 100% of GSI.

Since yesterday, following a surprise agreement signed between IPTO and French investment firm Meridiam in the presence of Greek Prime Minister Kyriakos Mitsotakis, the majority of GSI’s shares (66%, according to some reports) belong to the French...

This is a summary. Read the full article at in-cyprus.

Read full article