French investment firm Meridiam SAS has agreed to acquire a 49.9% stake in Great Sea Interconnector (GSI), a special purpose vehicle set up by Greece’s power grid operator IPTO to implement the Cyprus-Crete electricity interconnection project, Bloomberg reported. IPTO will retain a 50.01% controlling stake in GSI, according to the report. Sources from both companies … Continue reading French firm to buy stake in Greece-Cyprus interconnector project