ADMIE

On the one hand, the government repeats it is pushing for "innovation, extroversion, modernization," but, on the other hand, in the bowels of the shadowy deep state, some illegible "interests" are following a reverse course. On Friday, serious acts of infrastructure sabotage were made public that had affected two Greek islands, Aegina and Crete.

Greece hit a record high in wind, solar and hydroelectric energy output last year, power grid operator ADMIE said on Tuesday, as the country seeks to become an exporter of green energy to northern countries.

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.

The Greece-Cyprus electricity interconnection, a project with a budget of 1.9 billion euros, has attracted the interest of major investors inside and outside Europe. After the October agreement placing the Independent Power Transmission Operator (ADMIE) in charge of implementation, the project is on track.

Net energy from renewables and large hydroelectrics in the first eight months of 2023 reached an all-time high of 16,683 gigawatt-hours, according to data from Greece's transmission system operator, ADMIE, processed by The Green Tank.

An employee of power transmission operator ADMIE has been hospitalized after being electrocuted while cutting branches near power lines in the northwestern region of Florina.

State broadcaster ERT said the accident happened after a branch fell on a high voltage cable.

Italy's Enel is expected to finalize a deal by May for the sale of around a 50% stake in its Greek renewables unit to Australia-based Macquarie Group, two sources close to the matter said on Thursday.

Enel said in November it was looking for a partner willing to buy part of Enel Green Power Hellas and invest in its development.

In the next few days the Independent Power Transmission Operator (ADMIE) is expected to submit a demand to the Energy Ministry and the Regulatory Authority for Energy (RAE) for the extraordinary revision of the weighted average cost of capital (WACC) - which will mean power rate hikes for consumers - after realizing that the reduction of corporate tax from 29 to 24 percent will have an impact o

The Aegean islands of Andros and Tinos got their main power supply back on Thursday after adverse weather knocked out the cables connecting them to the mainland grid.

Greek companies are de facto excluded from the project for the power interconnection of Crete and Attica, according to the technical standards required by the tenders for the high-voltage direct current (HDVC) converter stations and cables.