Greece’s new energy minister, Kostis Hatzidakis, announces rescue plan for PPC
Not 24 hours after the polls closed in Greece, the new prime minister, Kyriakos Mitsotakis, has unveiled his cabinet. New Democracy Vice President Kostis Hatzidakis will lead one of the two key ministries – of the environment and energy. The new Greek Environment and Energy Minister Kostis Hatzidakis’ key task will be to tackle the […]
Elsewedy agrees to buy 4 wind farms, 1 SHPP in Greece
Egypt’s Elsewedy Electric, an integrated energy and infrastructure solution provider, has announced entering into a share purchase agreement with R.F. Energy S.A. (a subsidiary of F.G Europe S.A.) to acquire 100% of the share capital of 3 wind energy and 1 hydropower companies in operation in Greece. The total consideration agreed is EUR 55 million, […]
PPC secures EUR 160 million for distribution network upgrade, expansion
Greece’s Public Power Corporation (PPC) has secured a EUR 160 million loan, backed by a sovereign guarantee, from the Black Sea Trade and Development Bank (BSTDB). The loan will support PPC’s capital expenditure plan concerning the distribution network, the BSTDB said. The proceeds of the loan will be used to finance PPC’s capital expenditures for […]
Greece launching new renewables, sustainable infrastructure investment scheme
Fresh investment in renewables, energy efficiency, and urban development projects across Greece will be supported following the first agreement under a new EUR 650 million infrastructure investment initiative, according to a press release from the European Investment Bank (EIB), which manages the Infrastructure Fund of Funds. The Infrastructure Fund of Funds, to support renewable energy […]
METKA EGN acquires 260 MW solar PV project in Australia
Greek EPC contractor METKA EGN has announced the acquisition of a 260 MW solar photovoltaic (solar PV) project in Australia, the subsidiary of Greek industrial giant Mytilineos Holdings said in a statement. “Following the opening of our office in Melbourne in 2018, we are pleased to have closed the acquisition of a first 260MW solar […]
PPC inaugurates hybrid wind-hydro system on island of Ikaria
Greek power utility Public Power Corporation (PPC) has launched Europe’s second hybrid renewable energy park, combining wind and hydraulic energy with energy storage, and Grid Master Control System solutions, on the Aegean island of Ikaria. The 6.9 MW project has been implemented by PPC Renewables, a subsidiary of the majority state-owned PPC. The first European […]
Schneider Electric eyeing Greece’s EUR 1.5 billion smart meter project
Schneider Electric has contacted the Hellenic Electricity Distribution Network Operator (HEDNO) to express interest in the replacement of around 7.5 million conventional electricity meters with smart meters, Kathimerini English Edition has reported. The project to replace conventional electricity meters with smart meters, implemented by HEDNO, whose Greek acronym is DEDDIE, is worth EUR 1.5 billion, […]
Framework agreement signed for 2,000 MW EuroAfrica Interconnector between Egypt, Cyprus, Greece
The Egyptian Electricity Transmission Company and Nicosia-based EuroAfrica Interconnector Limited have signed a framework agreement for the construction of the 1,707-km subsea EuroAfrica Interconnector cable which will connect Egypt, Cyprus, and Greece, the promoter of the project, EuroAfrica Interconnector Limited, said in a press release. The agreement was signed by EuroAfrica Interconnector Limited CEO Nasos […]