Three funds—American, French, and those linked to the United Arab Emirates—remain in the investment chessboard surrounding the Great Sea Interconnector project. However, any development regarding their interest will materialize only after a final clarification of intentions and issues related to the Interconnector, particularly Cyprus's involvement.

Only then will the terms of participation, the percentage, and other aspects concerning the investment and the amount they will contribute be decided.

Both ADMIE (Independent Power Transmission Operator) and Nicosia are working to keep investors engaged, while also seeking participation from other funds that may express interest.

ADMIE is expected to initiate a series of meetings with the funds once Cyprus finalizes its stance on the issue.

In the past, interest was shown by the Israeli Aluma fund and investors from Saudi Arabia.

The U.S. Development Finance Corporation (DFC) remains particularly interested. In a Letter of Intent, DFC stated that its participation would involve acquiring a 10% stake or providing financing, or a combination of both.

French company Meridiam, a key investor in NeuConnect—the first electric connection between the UK and Germany, currently under construction—also maintains its interest.

Recently, President N. Christodoulides reiterated the interest from the UAE, noting that "the Republic of Cyprus is in advanced talks with them to jointly establish a company that will participate in the Interconnector’s equity." This followed his visit to Abu Dhabi, which promoted energy cooperation between the two countries. The UAE's interest centers around TAQA, with which ADMIE and Cyprus's Ministry of Energy had previously signed a memorandum.

Development and Energy Funding

The U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution. It collaborates with the private sector to finance sectors such as energy, healthcare, major infrastructure, and technology. DFC also provides financing to small businesses to create jobs in emerging markets.

DFC operates under the foreign policy guidance of the Secretary of State.

A Diversified Company

Founded in 2005, TAQA’s history began in 1998 with the privatization of Abu Dhabi’s energy and water sectors, emphasizing the importance of water security and energy supply to communities throughout the UAE. This move paved the way for the establishment of TAQA as a publicly listed company on the Abu Dhabi Securities Exchange (ADX) in 2005. Since then, TAQA has grown into a diversified company with operations in the UAE, Canada, Ghana, India, Morocco, the Netherlands, Oman, Saudi Arabia, the UK, and the U.S.

Asset Manager

Meridiam is regarded as a global investor and asset manager based in Paris, specializing in the development, financing, and management of long-term public infrastructure. Founded in 2005, Meridiam invests in public infrastructure across Europe, North America, and Africa.

With offices in ten countries (France, Luxembourg, U.S., Turkey, Senegal, Austria, Ethiopia, Jordan, Gabon, and South Africa), Meridiam manages assets worth $18 billion and has invested in more than 100 projects related to transportation, construction, and public services.

In 2020, Meridiam partnered with Veolia in a bid to acquire SUEZ and became the majority shareholder of Voltalis, the European leader in demand-side energy management and reduction for individuals.