Agreement for Cyprus's Stake in Great Sea Interconnector
September 13, 2024
ADMIE is working to finalize the participation of the Republic of Cyprus in its subsidiary Great Sea Interconnector, which will manage the project for 35 years. Cyprus's involvement is expected to attract investors and facilitate financing from the European Investment Bank. President Christodoulides speaks of progress in negotiations and a meeting with the Greek Prime Minister is anticipated. If confirmed, Cyprus's stake will initially be around 30%.