ADMIE

Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Cypriot Minister of Energy, Commerce and Industry George Papanastasiou said on Monday.

The Republic of Cyprus is entitled to request from the implementing entity - Greece's Independent Power Transmission Operator (ADMIE) - an updated report on the cost-benefit analysis regarding the electricity interconnection between Cyprus and Greece as well as the updated business model, Cypriot Minister of Energy, Commerce and Industry George Papanastasiou has said.

Israel's authorities requested the acceleration of procedures for the implementation of the Great Sea Interconnector project (Greece-Cyprus-Israel), in the section of the Cyprus-Israel power linkup.

The director general of the Energy Ministry, representing the government of Israel, stated that this is an important priority of the Israeli government to advance the project.

The electrical interconnection of the Great Sea Interconnector between the Greek, Cypriot and Israeli power grids is the only way to sustainably develop renewable energy sources and achieve the high European goals while ensuring prices much lower than the current levels.

The management of the Greek Independent Power Transmission Operator (ADMIE) will visit Cyprus on Tuesday for contacts with Cypriot and Israeli authorities over the electricity interconnection between Cyprus, Greece and Israel, called the "Great Sea Interconnector." 

Τhe Cypriot government will request that Greece's Independent Power Transmission Operator (ADMIE) carry out a cost-benefit study as regards the Cyprus-Greece electricity interconnection (Great Sea Interconnector), Cypriot Energy Minister Giorgos Papanastasiou said on Tuesday.

The Independent Power Transmission Operator (ADMIE) on Thursday announced a tender procedure aiming at a framework-agreement for underwater AC power cable projects for interconnections to the Dodecanese and north Aegean islands, via competitive dialogue.

Enaon EDA, of the Italgas group, is planning for the expansion of the natural gas network to the Greek islands up to 2028.

This move has provoked the reaction of the Energy Ministry, whose goals provide for the reduction of gas in the energy mix.

The Independent Power Transmission Operator (ADMIE) is accelerating the implementation of its equipment renewal program within the framework of the second cycle ending in 2026 with a total budget of 120 million euros.

The way for the recognition of the Greece-Germany electrical interconnection as a European project of common interest (PCI) has been opened by the European Network of Transmission System Operators for Electricity (ENTSO-E).