What ADMIE wants and why Nicosia pushes back on the Cyprus–Greece–Israel electricity interconnection
Government sources in Nicosia note that “the project is of strategic importance for the Republic of Cyprus, but its viability depends on conditions and commitments undertaken by ADMIE, and we expect their implementation."
French Meridiam acquires 49.9% of the Great Sea Interconnector
Meridiam, which invests in infrastructure, is set to acquire a 49.9% stake in the Great Sea Interconnector project, while IPTO (Independent Power Transmission Operator - ADMIE)) will retain a 50.1% share, according to Bloomberg on condition of anonymity, as the deal has not yet been officially announced
A new three-year collective labor agreement was signed at ADMIE, what raises are foreseen
The new collective agreement foresees salary increases of 9% for 2024, totaling €4 million, with retroactive effect from January 1st
