Greek Prime Minister Kyriakos Mitsotakis has described the agreement for the French investment group Meridiam to become the majority shareholder of Great Sea Interconnector (GSI) as a project of strategic importance for Greece, Cyprus, and Europe.
In a post on X, the Prime Minister emphasized that Meridiam’s investment in GSI-a special purpose company established by the Independent Power Transmission Operator (IPTO) to implement the project-represents a strong vote of confidence in Greece’s energy sector, IPTO’s technical expertise, and the strategic significance of this interconnection project.
‘At the same time, we have signed a strategic agreement between IPTO, GSI, and Nexans to accelerate the project’s implementation, with the highest priority being the completion of seabed surveys. We are joining forces for a European Project of Common Interest that strengthens energy security and enhances our country’s strategic position,’ Kyriakos Mitsotakis concluded.
CNA/AZA/MK/2026S, CYPRUS NEWS AGENCY