A French partner for the Greece–Cyprus Electricity Interconnector

Opinion cypruseconomyGreat Sea InterconnectorGreece A French partner for the Greece–Cyprus Electricity Interconnector Relevant News So, do we actually know what we’re doing with this cable? 7 August 2026 A French partner for the Greece–Cyprus Electricity Interconnector 7 August 2026 When the bolted doors swung open 7 August 2026 Phileleftheros Editorial 7 August 2026 FacebookXWhatsAppEmailPrintViber A welcome piece of news landed the day before yesterday, one with real geopolitical and economic weight. In Athens, an agreement has been signed for the French firm Meridiam to take a majority stake in the Greece–Cyprus Electricity Interconnector. By all accounts from Athens, this clears the way for work to resume on the Great Sea Interconnector (GSI). The project, as everyone knows, ground to a halt under the weight of Turkish obstruction and outright threats. Athens and Nicosia had agreed to commission a viability study from the European Central Bank; that study is due to be completed and assessed by both governments. The signing of this agreement, according to sources in Athens, changes the picture entirely: the burden of delivering the project now falls squarely on the French group Meridiam. With a 66% majority stake, Meridiam is now in the driving seat, and the responsibility for pushing this forward is theirs. That said, every party involved still carries its share of the load. The Turks now know that, from here on, if they keep trying to block this project, they will be up against France as well. “We are joining forces on a European project of common interest,” said Greek Prime Minister Kyriakos Mitsotakis after the signing ceremony. He added that the GSI “takes Cyprus out of energy isolation and strengthens both the energy security of the Eastern Mediterranean and Europe’s resilience in the energy sector.” The Republic of Cyprus, for its part, was clearly not caught off guard. President Nikos Christodoulides had already flagged this same development in an interview on the “Antenna” television channel. He signalled progress on the Cyprus–Greece interconnector, noting that he had agreed with the Greek Prime Minister to update the relevant studies, and hinting that “more will become known within the next twenty-four hours.” He meant, of course, the signing at the Maximos Mansion that has now brought Meridiam decisively into the equation. The French company will now serve as the driving force behind delivering the interconnector. What comes next, above all the resumption of works, is what we should be watching for. This development plainly lowers the geopolitical risk. What remains to be seen is how the financial obligations fall between the parties once the share capital increase goes through. Subscribe to our Newsletter Latest News So, do we actually know what we’re doing with this cable? When the bolted doors swung open Concert with Natassa Bofiliou in support of SOPHIA for Children Teen critical after Nicosia scooter collision, driver arrested over alcohol test Freedom Holding Corp. serves as General Partner of the FIDE-ISCF world schools team championship Americas stage in Costa Rica Drug convictions hit 971 in Cyprus as prisons overcrowd Strovolos junction closes Saturday for road upgrade works Follow en.philenews on Google News and be the first to know all the news about Cyprus and the world.