Manos Manousakis

ADMIE signs agreement with China’s SGID for 20% stake in Ariadne interconnection

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.

Intense discussions on the fate of the €2 billion Greece – Cyprus – Israel electricity interconnection

The Greek and Cypriot governments are in search of a political solution to save the project and take on the geopolitical risk of the electricity Great Sea Interconnector after repeated negotiations since early summer have led the two sides to an impasse, as the time for the project counts dow

ADMIE: Mitsotakis intervenes on the Crete – Cyprus electricity cable & the fate of the 1.9 billion project

Developments surrounding the construction of the 1.9 billion Crete-Cyprus-Israel power cable are dramatic, and even at the top government level, after the Cypriots refused to approve the project’s payment framework, which takes the Great Sea Interconnector project’s course in a new direction.

Santorini Interconnection – Hellenic Cables contractor of the cable section

The Independent Power Transmission Operator announced the successful completion of the tender for the cable section of the Santorini-Naxos electrical interconnection. The temporary contractor for the project with an initial budget of 100 million euros was Hellenic Cables, which bid at a price of 79.5 million euros.