ADMIE signs agreement with China’s SGID for 20% stake in Ariadne interconnection
File photo.
The Independent Power Transmission Operator (ADMIE) signed an agreement for the sale of a 20% stake in its subsidiary Ariadne Interconnection to State Grid International Development (SGID) of China on Thursday.
Ariadne Interconnection is the implementation agent for the linking of the Crete and Attica power grids.
Signing the agreement were ADMIE President and CEO Manos Manousakis and SGID President Yu Jun, in the presence of officials from the Environment and Energy Ministry, the Chinese Embassy in Athens, SGID and others.
The construction of the link will be completed by the end of 2024, followed by an electrification test run. The goal is to make the interconnection commercially operative as of the summer of 2025, Manousakis said.
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