AKEL questions ownership and financial impact of Great Sea Interconnector

On September 9, 2026, the General Secretary of the AKEL party, Stefanos Stefanou, sent a formal letter to the Cyprus Energy Regulatory Authority (CERA) demanding transparency regarding the Great Sea Interconnector project. This inquiry follows the recent agreement for the French investment firm Meridiam to join the project alongside the Independent Power Transmission Operator (ADMIE).

Stefanou submitted ten specific questions focused on the project's new ownership structure, regulatory framework, and financial viability. He specifically requested clarification on who will hold ultimate control over the project's construction and operation, how potential cost overruns will be handled, and what safeguards are in place to protect Cypriot consumers from excessive financial burdens. The letter also asks whether CERA has been fully briefed on the contents of the agreement between Meridiam and ADMIE.

While AKEL acknowledges the strategic importance of ending Cyprus’s energy isolation, the party insists that the project must proceed with clear regulatory oversight. The ongoing debate highlights political concerns over the potential risks to the economy and the final cost of electricity for consumers, should the project face delays or cost escalations.