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Προσθήκη του ot.gr στην GoogleThe Greece-Cyprus electricity interconnection project is entering a new phase, with France assuming a central role in the development of the Great Sea Interconnector (GSI) through a major investment agreement announced by the Greek government.
The agreement, scheduled to be signed at 4:30 p.m. local time at the Maximos Mansion—the office of Greek Prime Minister Kyriakos Mitsotakis—will make French infrastructure investment fund Meridiam the majority shareholder of Great Sea Interconnector (GSI), the company established to develop the Greece-Cyprus electricity interconnection.
In addition, a trilateral agreement will be signed between Greece’s Independent Power Transmission Operator (IPTO), GSI, and French cable manufacturer Nexans covering seabed survey work required for the project’s implementation.
According to the report, the developments give France a leading role in the nationally significant project, helping move it beyond previous geopolitical challenges.
A 14-Year Project Linking Greece, Cyprus, and Israel
The history of the electricity interconnection dates back 14 years. Initially conceived as a link between Greece and Cyprus, the project was later expanded to include Israel.
The planned network will span 1,208 kilometers (751 miles) of submarine and
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