Great Sea Interconnector: A necessary project, not a blank check

The Great Sea Interconnector, a project to link the power grids of Greece and Cyprus, has seen a new development with the French group Meridiam becoming a majority shareholder. While this suggests a restart, significant hurdles remain, including technical maturity, regulatory approvals, and unresolved geopolitical risks. Although €251.4 million has been spent, the project lacks a finalized construction timeline and full regulatory clearance. The government awaits a viability study from the European Investment Bank before committing to state participation.