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 […]