Meridiam and ADMHE Agreement for the Great Sea Interconnector
December 19, 2024
The French investment company Meridiam SAS will acquire 49.9% of the Great Sea Interconnector (GSI) from ADMHE, which will retain 50.01%. The two companies will finance the needs of the Cyprus – Crete interconnection. The total cost is around €1.2 billion, with a €658 million grant from the EU. It remains unclear whether the agreement will stay as is or be updated.