ADMIE

The Siemens-Terna consortium has beaten that of Nari, General Electric and Mytilineos to the tender announced by the Independent Power Transmission Operator (ADMIE) for the converter stations to be installed at the power interconnection between Crete and Attica.

The Independent Power Transmission Operator (ADMIE) has decided to expand into new activities such as construction and energy storage as it braces for the challenges posed by the rapid transition to green energy forms.

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 benchmark at Athinon Avenue proved unable to hold on to most of the gains it had recorded during the day on Wednesday, in line with the majority of other eurozone bourses. It presented a mixed picture at the end of the session, with rising stocks narrowly edging out the losers on a day when the bond market dominated investor interest.

After six straight days of losses Greek stocks rebounded on Tuesday with non-banking blue chips showing the way for the rest of the market on rather satisfactory turnover. The rest of the week will reveal whether this was a mere reaction to the long period of decline or if the benchmark has bottomed out in terms of coronavirus worries.

The bond issue on Tuesday and Wednesday's T-bill auction appeared to have wrung investors dry at Athinon Avenue, as Wednesday's stock session - which resulted in more winners than losers while the benchmark inched lower - had the lowest turnover of the last 76 trading days.

Athens-listed Independent Power Transmission Operator (ADMIE) on Tuesday announced the signing of a 15-year contract to lease out its fiber-optics grid to telecommunications supplier Wind Hellas, in its first step toward becoming active in the wholesale telecommunications market.

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.

The Evia-Andros undersea electrical interconnection, which aims to strengthen the interconnection between the islands of Andros and Tinos and the mainland system, has been put into operation, with the Andros-Tinos section expected to be up and running next month.

Blue chips got off to a good start on Monday morning in Athens, but the bulk of those gains had evaporated by the end of trade and the majority of stocks ended up in negative territory.