Bernitsas has advised China State Grid on its acquisition of a 20% stake in Greece's Independent Power Transmission Operator's subsidiary Ariadne Interconnection which is responsible for implementing the electricity interconnection between Attica and Crete.
According to Bernitsas, Ariadne Interconnection involves "two submarine 500-kilovolt cables, 335 kilometers in length, of a total 1,000-megawatt transmission capacity, laid in record depths of up to 1,200 meters on the Aegean seabed."
China State Grid has been IPTO's strategic investor since 2017.
The Bernitsas team included Partner Yannis Seiradakis, Counsel Eleni Stazilova, Senior Associate Stella Papakosta, and Associate Konstantina Karveli.
Bernitsas did not respond to our inquiry on the matter.
