Manos Manousakis

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

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.

Last year saw Greece's energy market breaking new records for the penetration of renewable energy sources (RES) and reduced energy consumption.

The electricity interconnection between Crete and Attica, the most complicated project of its kind in Greece, will be ready for a trial run by the end of 2024, the Independent Power Transmission Operator (ADMIE) said on Thursday.

CEO Manos Manousakis made this statement in Dubai on Monday

Production capacity of renewable energy sources in Greece broke the 10GW barrier in early 2023, Manos Manousakis, chairman and CEO of the Independent Power Transmission Operator IPTO said on Wednesday.

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.