Energy: The Commission is back in the game for the Crete-Cyprus cable
It is planning a new meeting in the coming days with IPTO, RAAEY, and CERA, pressing for the recovery of the project’s costs also from Cypriot consumers — A warning bell from IPTO about the project facing a potential dead end
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
USA: “The electrical interconnection with Greece is a great opportunity for Cyprus” – Multilateral meeting in Nicosia
The meeting, chaired by Christodoulides, includes the participation of the Ministers of Energy of Greece & Cyprus, representatives from the EC, the Independent Power Transmission Operator of Greece & NEXANS