Greek authorities on Monday decided to include 12 energy investments worth 7 billion euros to a fast track legislation procedure for strategic investments.
The decision was reached during a meeting of the inter-ministerial commission headed by Greece ‘s Development and Competitiveness Minister Costis Hatzidakis. The Minister, speaking to reporters after the meeting, said that this development underlined the country’s ability to attract investments.
All 12 projects were included in the fast track procedure on the recommendation of Environment, Energy and Climate Change Minister Yiannis Maniatis, who said that these project were already in an implementation stage and will create 17,000 new job positions.
These projects were characterized by the European Union as Projects of Common Interest and are basically energy interconnections with the Caspian region and the Eastern Mediterranean region (Cyprus-Israel).
More analytically, the projects are:
Electricity Energy
-NSI East Electricity (interconnections of electricity energy North-South in centraleast and southeast Europe).
1. Interconnection Israel-Cyprus-Greece between Hadera (Israel) and Attica, known as Euro-Asia-Interconnector.
2. Interconnection between Maritsa East 1 (Bulgaria) and Nea Santa (Greece).
3. Hydro-pumped storage in Amphilohia.
Natural Gas
4. IGB Interconnector pipeline Greece-Bulgaria (Komotini-Stara Zagora)
5. Terminal (permanent reverse flow) at the Greek-Bulgarian borders (Sidirokastro and Kula).
6. Floating storage and processing terminal of LNG in Alexandroupoli.
7. Floating storage and processing terminal Aegean LNG import terminal.
8. Storage facility in Kavala.
9. TAP pipepline.
10. ITGI pipeline.
11. Natural gas pipeline from Cyprus to Greece (through Crete).
12. Natural gas compression terminal in Kipi, Evros.
The interministerial commission meeting also agreed to issue a new presidential decree on the operation of The Mall shopping center, following a court decision saying that the shopping center’s license was illegal as no environmental survey had been drafted.
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