China wants in on Crete power link, joins Minos solar project
China’s president Xi Jinping left Greece with 16 bilateral deals, after an official three-day visit, where the focus was placed on the most populous country’s massive Belt and Road Initiative for infrastructure, manufacturing and trade across Asia, Africa and Europe. The projects include the interconnection cable which is planned to be installed between Crete and […]
EUR 1 billion Crete-Attica interconnection draws bids from major cable construction players
Major companies in the cable construction sector have filed binding bids for lots of a EUR 1 billion project to build the Crete-Attica electricity grid interconnection, whose construction is seen as urgent to avert electricity shortages on Greece’s largest island. Ariadne Interconnection, a special purpose vehicle of Greece’s Independent Power Transmission Operator (IPTO or ADMIE) […]
ESO, IPTO, Transelectrica sign MoU on establishing Regional Coordination Center
Power transmission system operators (TSOs) ESO (Bulgaria), IPTO (Greece), and Transelectrica (Romania) have signed a Memorandum of Understanding (MoU) on key steps toward establishing a Regional Coordination Center (RCC). The three TSOs’ area is part of the South-East Europe (SEE) Capacity Calculation Region (CCR). The EU has 10 Capacity Calculation Regions. Bulgarian TSO ESO will […]
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, […]
SEE CAO appoints Ivan Bulatović as new executive director
Coordination Auction Office in South East Europe (SEE CAO) has appointed Ivan Bulatović as the new executive director, SEE CAO said in a news release. SEE CAO manages the coordinated explicit allocation of cross-border transmission capacities on six borders in SEE region. Ivan Bulatović has extensive experience in the field of power systems and has […]
Three new signatories join WB6 initiative for energy market integration
Three new signatories have joined the Western Balkan Six (WB6) regional electricity market integration initiative, Energy Community announced. The Romanian transmission system operator CNTEE Transelectrica SA, the Greek transmission system operator IPTO SA and the Greek market operator LAGIE SA have signed the Energy Community’s Western Balkan 6 Memorandum of Understanding (MoU) on regional electricity […]
Evia wind farm investors given extension to pay for cable connection
Investors in the wind energy parks on Evia island are given two-month extension to start paying for the cost of underwater cable connection linking Polypotamos in Evia with the outskirts of the Greek capital Athens. The group of investors holding licenses for the construction of the wind farms in the southern part of Evia, were expected to start […]
Terna eyes value of Admie’s submarine cable project
Terna Group, one of three investors interested in acquiring a stake in Independent Power Transmission Operator SA (IPTO or Admie), is focusing on the undersea interconnection planned to link Crete with the Greek mainland, Energy Press portal reported. National utility Public Power Corporation SA (PPC) is offering a share of 24% in its subsidiary, with […]
