ADMIE
Stathakis stands firm on ADMIE realizing Crete-Attica connection
The government insists on proceeding with the power interconnection of Crete and Attica without European Commission co-funding. This is made clear in a letter from Energy Minister Giorgos Stathakis to Energy Commissioner Miguel Arias Canete, dated January 30.
ATHEX: Price rises for most stocks
On a good day for the Greek bond market, local stocks rallied at the end of the trading session on Tuesday to notch up enough gains to send the benchmark higher. Former state companies were at the focus of buying interest.
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ADMIE starts process for Crete linkup
ADMIE subsidiary Ariadne Interconnection officially launched the tender process regarding the technical standards for the electricity linkup between Crete and Attica on Friday, despite the objections of the European Commission.
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Halyvourgiki steel producer grinds to a halt
The fate of the once mighty Greek steel producer Halyvourgiki was officially sealed on Monday, when the electricity supply to the company was switched off, while the Angelopoulos family feud is being battled out in court.
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ATHEX: Stocks seen heading to year-end slide
The negative mood among domestic and foreign investors alike saw Greek stocks posting fresh losses at the start of the week, with the decline accelerating when European bourses headed south. The rather unexpected jump in Greek bond yields also contributed toward the stock drop.
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RAE chooses to ignore Brussels on Crete interconnection
Greece's energy regulator has opted to sidestep the European Commission and appointed a subsidiary of state grid operator ADMIE to fund and construct the power interconnection between Attica and Crete.
This is a high-risk decision that may have legal consequences for the project, and lead to more delays than those it is trying to avoid.
ATHEX: Stocks slide as expectations are dashed
Trader disappointment on Monday over Moody's decision not to issue its verdict on the Greek economy last Friday, amid the general negative mood in markets due to the mutual tariffs on US and Chinese goods, put fresh pressure on most local stocks, with the low turnover mirroring investor reluctance.
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European Commission annuls Cretan interconnection concession to ADMIE
The European Commission considers the Regulatory Authority for Energy's (RAE) decision for the concession of mainland Greece's electricity interconnection with Crete to the Independent Power Transmission Operator (ADMIE) to be invalid.
ADMIE embarks on power interconnection with Crete
Greece's electrical grid ADMIE said on Thursday it would set up a company immediately to build a power link connecting the island of Crete to the mainland, overcoming delays that had posed a risk to future power supply.
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ADMIE data point to poor grid maintenance
The insufficient maintenance of the power transmission and distribution systems that has led to repeated power failures in the capital and on several islands this summer is illustrated by the data on spending by the authorities responsible for keeping the network in shape.
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