[REVISION HISTORY]

Greece cross‑border electricity interconnector development

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What changed

2026-08-05 16:38 UTC → 2026-08-06 00:17 UTC · added ~~removed~~

In late July 2026, ELICA, the Copelouzos Group company behind the Greece‑Egypt link, opened competitive tenders for a seabed‑survey study and an on‑shore civil‑engineering works study. These studies are required before construction of the 3,000 MW high‑voltage direct‑current (HVDC) GREGY Interconnector, the first electricity link between Africa and Europe, and are funded under the EU’s Connecting Europe Facility. ~~A few days later, in~~ In early August 2026, French infrastructure investor Meridiam acquired a majority stake in the Great Sea Interconnector (GSI), ~~which will connect~~ the ~~electricity grids of Greece and Cyprus and later extend~~ special‑purpose company created by ADMIE to ~~Israel. At~~ develop the Greece‑Cyprus electricity link. On 5 August 2026, Prime Minister Kyriakos Mitsotakis presided over the signing ~~ceremony~~ of a shareholder agreement in Athens, confirming Meridiam’s over‑50 % ownership and a trilateral pact ~~between Greece’s grid operator ADMIE, GSI~~ with ADMIE and French cable maker Nexans ~~was concluded~~ to ~~launch~~ start seabed‑survey ~~work, restarting the project after a two‑year pause. Both interconnectors are~~ work. The project, classified as an EU ~~Projects~~ Project of Common ~~Interest~~ Interest, will have a capacity of up to 2 GW, a total budget of about €1.9 billion, and ~~receive substantial EU financing, reflecting~~ has already secured €657 million from the Connecting Europe Facility. Both interconnectors reflect Greece’s strategy to become a regional energy hub and to integrate neighboring power systems into the broader European grid.

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