GSI, cost analysis or strategic value analysis

The Great Sea Interconnector (GSI), a multi-terminal HVDC system connecting Cyprus and Greece, remains the primary solution to end Cyprus's energy isolation despite years of ownership changes and cost escalations reaching up to 2.4 billion euros. While project stakeholders debate the viability through cost-benefit versus strategic value analyses, the island faces critical electricity shortages. With aging power plants and a stalled natural gas terminal, Cyprus continues to curtail renewable energy production, making the GSI's ability to provide security and stability essential, albeit complex to integrate.