Great Sea Interconnector

According to reports, Meridiam SAS is set to acquire a 49.9% share in Greece's ambitious Great Sea Interconnector project.

The agreement is expected to be signed by Greece's and Israel's ministers of energy during a meeting in Athens on Tuesday, according to unconfirmed media reports. The focus will be on broad energy collaborations, including the Great Sea Interconnector project.

The changes to the current legislation involve some crucial political and regulatory modifications

The trilateral meeting mainly focused on international and regional developments, particularly the ongoing war in the Gaza strip.

Progress for the landmark undersea power cable had stalled after disputes between the regulatory authorities of Greece and Cyprus over cost- and risk-sharing

Speaking before the cameras, the Greek PM said Nicosia and Athens were coordinating their actions on the Cypriot issue in the wake of the UN Security Council Assembly.

The meeting between the two leaders will decide the fate of the 2 billion euro Great Sea Interconnector (GSI) project.

Cyprus' cabinet has approved one of the four pending issues regarding the €2 bln Greece-Cyrpus Great Sea Interconnector (GSI) project. Greece's PM Mitsotakis and Cyprus' President Christodoulides will meet in Athens Thursday to discuss the project.

Previous concerns by Cyprus' power regulator over cost-sharing and sustainability in the face of geopolitical turbulance appear to have been overcome

Athens awaits the much anticipated response from the Cypriot government regarding the Great Sea Interconnector project, which involves a power cable linking the grids of Greece, Cyprus and Israel, paving the way for the energy interconnection of the three countries, this week. Cyprus’ decision will regard an agreement draft that was finalized on September 10 […]

The primary difference in talks between Greece and Cyprus over Great Sea Interconnector project appears to be cost-sharing

Both Greek, Cypriot energy ministers merely note that negotiations will continue; Nicosia has tabled reservations over cost-sharing, project's viability

The 2-billion-euro Israel-Cyprus-Greece project, the Great Sea Interconnector (the GSI cable), remains in limbo over financial, geopolitical concerns

Analyst Orestis Omran, during an interview at the OT.gr studio within TIF: 'Implementation of the project will contribute to lifting Cyprus' energy isolation'

According to Greek Energy and Environment Minister Thodoros Skylakakis, 'what we expected didn’t occur' in relation to Great Sea Interconnector

If the provisions of the draft agreement are implemented, the project becomes viable and avoids a summary collapse

A €2 billion Israel-Cyprus-Greece power connection hangs in the balance, with Greece's Independent Power Transmission Operator urging French multinational Nexans to give more time

Reports indicate that talks between the parties reached a dead end on Friday, with the Cypriot side failing to respond to French pressure to resolve outstanding issues (cost recovery, geopolitical risks)

The head of Greece’s Independent Power Transmission Operator said a decision by Cyprus’ Energy Regulatory Authority makes the project non-viable