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Energy

Greece's Tilos Set to Be the First Mediterranean Island to Be Powered by Renewable Energy

The Greek island of Tilos currently relies on electricity from the neighboring island of Kos which is transferred to the island via a submarine cable making power cuts frequent. But Tilos is soon to be the first if its...

Tilos Among Finalists for EU Sustainable Energy Award for Switching to Renewables

The Greek island of Tilos has been selected to be among the three finalists for the 2017 European Union's Sustainable Energy (EUSEW) Awards in the 'Energy Islands' category for the introduction of a hybrid energy system that aims to...

PPC Shareholders Approve Transfer of 51 % Stake in ADMIE

On Tuesday Greece's power utility Public Power Corp (PPC) approved the transfer of a 51 percent stake in the power grid operator ADMIE. The move is part of the series of privatizations specified in the bailout agreement that the country...

Greece Records Second Best Year in Wind Power Installations in 2016

Greece recorded the second best annual performance after the 2011 record in 2016 with new wind power unit installation with a power of 238.55 MW, the Greek Wind Power Energy Association (ELETAEN) said in a report. The report said that...

Energy Minister: Greece is at the Crossroads of Two Energy Corridors

Εnergy and Environment Minister Giorgos Stathakis is visiting New York to present investment opportunities in the energy sector during the "Capital Link Invest in Greece Forum." Stathakis is on a 10-day tour with stops in Rome, Brussels and Jerusalem and now...

French Embassy Holds First Business Forum on Energy, Environment, Innovation

The French embassy, the French Institute (L’Institut français de Grèce) and the French-Hellenic Chamber of Commerce & Industry are organizing the first business forum on energy, the environment and innovation which will be held on November 24-25 in Athens. "My...

Moscow Submits Bid for Project to Modernize PPC's Lignite Units

During the Greek-Russian energy conference that took place last week in Athens, Moscow proposed a plan to modernize the lignite units of the Public Power Corporation (PPC). Andrey Proklonsky, a senior official of Group Energocenter, presented the proposal on the...

China's State Grid Submits Winning Bid for 24% Stake in ADMIE

Greece’s power utility PPC announced on Wednesday that China’s State Grid Corporation has submitted the winning bid for a 24 percent stake in grid operator ADMIE, offering 320 million euros. The other candidate was a consortium led by Italy’s Terna. PPC’s...

Italian and Chinese Companies Make Bids for Sale of 24% Stake in ADMIE

Greece received two binding bids for the sale of a 24 percent stake in power grid operator ADMIE on Friday, the final day for the submission of a bid, an energy ministry source said. The two companies are Italian power...

Construction of the EuroAsia Interconnector 'Electricity Highway' to Begin 2017

The official EuroAsia Interconnector electricity connection operator, a project approved and supported by the European Commission, announced on Wednesday that technical and economic studies have successfully concluded. Construction work on the 1,520km "electricity highway" that will secure international energy supply...