Masdar to invest in green energy with developer of Greece-Egypt power link
Copelouzos Group and Masdar's Infinity Power are mulling joint green electricity projects to feed the proposed Egypt-Greece interconnection
EU backs Greece-Cyprus power link project with EUR 657 million
The EU decided to fund the Cyprus-Crete section of subsea power corridor project EuroAsia Interconnector with EUR 657 million
IPTO to invest EUR 4.1 billion in new interconnections, renewables integration, batteries
Greece’s independent transmission system operator, IPTO, plans to invest EUR 4.1 billion over the next 10 years to build new interconnections with Bulgaria, Italy, Albania, and North Macedonia, as well as to increase capacities for the integration of renewables and install batteries for electricity storage. The possible new interconnections include a subsea cable between Greece […]
Submarine cable helps triple CGES’ electricity transit revenues
Montenegrin TSO pulled in EUR 11.6 million in revenues in 2020 from the commercial use of the power link between Montenegro and Italy.
CGES earns EUR 3 million by auctioning capacity of submarine power cable
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) has earned EUR 3 million by auctioning the capacity of the undersea power cable between Montenegro and Italy. The electricity interconnector was put into operation in mid-November, and in December the Coordinated Auction Office in South East Europe (SEE CAO) has started the auction process for […]
Evia-Andros cable comes online, Greece’s Admie says
Independent Power Transmission Operator SA has said it electrified the 150kV alternating current or AC submarine interconnection between the islands of Andros and Evia in Greece. The link boosts the existing supply capacity within the second corridor of the Cyclades, according to the entity known both as IPTO and Admie. It added the cable connecting […]
Italy-Montenegro undersea power interconnector put in operation
Italian energy company Terna has put in operation an undersea power interconnector between Italy and Montenegro, built in an investment of some EUR 1.1 billion. Italian President Sergio Mattarella and his Montenegrin counterpart, Milo Đukanović, pressed the button to switch the cable on, according to Montenegrin media. The undersea power interconnector links the electrical substations […]
EU, US, Chinese companies interested in EPCG acquisition
Companies from the European Union, the US, and China are interested in the acquisition of power utility Elektroprivreda Crne Gore (EPCG), Economy Minister Dragica Sekulić has said. In an interview with Pobjeda, she said that strong interest implies a greater responsibility in the process of selecting a strategic partner for EPCG. Montenegro will seek a […]