Meridiam's Entry Into Great Sea Interconnector Is 'Vote of Confidence'
- On Thursday in Athens, French investment group Meridiam signed an agreement to become the majority shareholder of the Great Sea Interconnector , ending Admie's almost three-year tenure as the project's majority shareholder.
- Governments of Greece and Cyprus planned to update the "economic and technical parameters" last year, aiming to attract strong investors and soothe a rift over initial payment agreements.
- Describing itself as a "transformational infrastructure specialist" that "delivers sustainable and resilient infrastructure over the long term," Paris-based Meridiam manages assets worth around $23 billion across Europe, Africa, and the United States.
- Cyprus Energy Minister Michalis Damianou called the entry a "vote of confidence," noting that government decisions will be based on European Investment Bank findings, which will also determine the project's final cost.
- Meanwhile, the Cyprus-Israel electricity interconnection is progressing, with IPTO completing a cost-benefit study for regulatory authorities to accelerate seabed surveys and advance the broader energy security objective.
12 Articles
12 Articles
Meridiam's entry into Great Sea Interconnector is 'vote of confidence'
Nicosia's final decisions will be based on the findings of the European Investment Bank, which will also determine the final cost of the Greece–Cyprus power interconnection project, Michalis Damianos said.
Meridiam’s Entry Into Great Sea Interconnector Seen as Strong Vote of Confidence in Greece’s Energy Sector
ATHENS - The agreement for French investment group Meridiam to become the majority shareholder in Great Sea Interconnector (GSI) marks a significant development for the electricity interconnection project between Greece and Cyprus. According to government sources, Meridiam's participation strengthens both the conditions and the credibility needed to accelerate the project's implementation. The sources noted that GSI was established from the outs…
French asset management firm Meridiam takes majority share in interconnector
French asset management firm Meridiam took a majority share in the Great Sea Interconnector on Wednesday, buying Greece’s independent transmission system operator (Admie) out of its controlling stake. The deal puts Meridiam, which prior to Wednesday’s signing boasted a portfolio of assets worth around $23 billion (€19.9bn), in the project’s driving seat, ending Admie’s almost […]
The agreement for the entry of the French investment group Meridiam as a majority shareholder in the Great Sea Interconnector (GSI) company constitutes a particularly important development for the electrical interconnection between Greece and Cyprus. The post GSI: Vote of confidence from Meridiam in IPTO and Greece appeared first on in.gr.
The signatures have been signed for the undertaking of the Greece-Cyprus electricity interconnection project by the French investment group Méridiam, as the majority shareholder in the company Great Sea Interconnector (GSI).
In the presence of Kyriakos Mitsotakis, the agreement for the acquisition of the majority stake in Great Sea Interconnector is signed – The tripartite agreement with Nexans for seabed research is also signed
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