ADMIE

Greek grid operator ADMIE has struck a deal with French investment firm Meridiam for the long-anticipated Cyprus-Greece electricity cable project, which aims to connect the Greek and Cypriot grids, per a Bloomberg report. This means the Greek company has secured new funding and a strategic partner.

French investment firm Meridiam has agreed to acquire a 49.9% stake in the Great Sea Interconnector consortium, seeking to link the transmission networks of Greece, Cyprus and eventually Israel, according to Bloomberg. 

A significant meeting is on the agenda for the Greek economy, banks, the Stock Exchange, and major listed companies with the world’s 100 most powerful funds, managing assets worth approximately $30 trillion.

Feasibility studies for the Greece-Saudi Arabia electrical interconnection, known as the Saudi Greek Interconnection, are currently underway and expected to be completed by the end of 2025, according to ADMIE CEO Manos Manousakis. 

Grid operator ADMIE is launching a key 1.42-billion-euro project for the integration of the Dodecanese into the continental high-voltage network, with the proclamation of the tender for the Corinth-Kos electrical interconnection.

Anyone applying for a photovoltaic park permit nowadays is likely wanting to tear their hair out, say competent officials of the Environment and Energy Ministry describing the overheating of the photovoltaic sector that has dominated the renewables market in recent years, putting businesses at risk, per market estimates.

Greetings! The old folks used to say, “a village with few houses is a bad village,” and that phrase came to mind with SYRIZA, who, after pulling each other’s hair out all weekend in the second basement of a hotel in Metaxourgeio, suddenly they remembered the Novartis scandal. So, it seems that journalist Lianis claimed someone apologized on behalf of Tsipras to Loverdos.

A delegation from the United Arab Emirates' state-owned TAQA, led by CEO Afif Saif Al Yafei, reaffirmed its interest in participating in the GSI Cyprus-Greece electricity interconnection project, during a meeting with Cypriot President Nikos Christodoulides in New York on Tuesday, on the sidelines of the United Nations General Assembly.

Cyprus' political leadership is poised to make pivotal energy decisions in a meeting at the Presidential Palace on Tuesday. The gathering is expected to address and resolve several critical issues regarding Cyprus' electrical interconnection with European grids via Greece.

Europe’s initiative to mobilize Europe to de-escalate energy prices is being undertaken by Greece, Romania and Bulgaria, Greece, The Minister of Environment and Energy, Thodoros Skylakakis, announced today while speaking to a radio station.