The Great Sea Interconnector (GSI) project, aiming to link the electricity grids of Cyprus and Israel, has moved forward with Greece's Independent Power Transmission Operator (Admie) submitting an investment request.

Cyprus authorities were reportedly caught unaware by a deal in which French investment group Meridiam took over two-thirds of the shareholding in the Great Sea Interconnector (GSI) from Greece’s state-owned Admie.

A bipartisan group of US lawmakers has called on Secretary of State Marco Rubio and DFC chief executive Ben Black to prioritize the Great Sea Interconnector (GSI) project, emphasizing its strategic importance.

According to a former CERA chief, the Great Sea Interconnector (GSI) will not automatically lead to higher electricity bills for consumers. Its costs are recovered through an EU regulatory framework rather than being directly passed on.

The Great Sea Interconnector (GSI) has entered a new phase. The recent decision by French infrastructure investor Meridiam to become the project’s 66 per cent majority shareholder has renewed…