Greece secures EUR 178 million for first power link between Crete and mainland
Greece has secured a EUR 178 million long-term loan to finance the construction of the first power interconnector between the mainland and the country’s largest island Crete. The new 132 km submarine power line will ensure the security of energy supply, provide a third of Crete’s electricity needs, reduce the use of oil-fired power plants, […]
Greek energy exchange founded, launch expected in mid-2019
The Hellenic Energy Exchange has been founded as part of the EU’s target model to create a single energy market, Greece’s Environment and Energy Ministry said. The Greek energy exchange is expected to launch operations in mid-2019, the Greek Observer reported, citing an announcement from the ministry. The country’s first energy exchange will be owned […]
China’s State Grid to buy 24% stake in Admie
China's State Grid is a preferred strategic investor to buy a 24 percent stake in Greece's electricity grid operator Admie, sa9d the board of Public Power Corp.
PPC eligible for compensation from Admie’s split
The agreement for Independent Power Transmission Operator (Admie SA) clearly states the need for the Public Power Corporation SA (PPC) to be compensated, according to the environment and energy minister Panos Skourletis, who gave an interview to newspaper Agora, Greek Reporter said. “We have agreed for an independent appraiser to determine the exact amount of […]
Public Power Corporation won’t be privatized further
There are no plans for the state’s share in Public Power Corporation (PPC) to diminish, according to Panos Skourletis, minister for productive reconstruction, energy and environment, Greek Reporter portal said. He addressed the future of the government-controlled utility and the future of energy in Greece during an interview with RealFM 97.8 radio station. The state […]
The state blocks completion of power privatisations
Greece will not go ahead with privatising its dominant electricity utility or power grid operator Admie, energy minister Panagiotis Lafazanis said, despite promising its creditors not to halt sales that are underway. The comments appeared to mark the first sign of open dissent from a minister on the far left flank of the new Greek […]