Electric power transmission systems

The Independent Power Transmission Operator (ADMIE) signed an agreement for the sale of a 20% stake in its subsidiary Ariadne Interconnection to State Grid International Development (SGID) of China on Thursday.

Ariadne Interconnection is the implementation agent for the linking of the Crete and Attica power grids.

Grid operator ADMIE is launching a key 1.42-billion-euro project for the integration of the Dodecanese into the continental high-voltage network, with the proclamation of the tender for the Corinth-Kos electrical interconnection.

One binding offer was submitted for the acquisition of 20% of the Independent Power Transmission Operator's (ADMIE) subsidiary company Ariadne Interconnection, operator of the Attica-Crete electrical interconnection.

The bid was submitted by State Grid International Development Belgium Ltd, a subsidiary of the Chinese State Grid, which already holds 24% of ADMIE shares.

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 Energy Ministry is preparing emergency measures to shield the grid and avoid blackout phenomena, as it has been found that transient events such as a lightning strike or smoke from a fire could even lead to a general blackout.

The official opening of the second cross-border power line between Greece and Bulgaria marked a significant event during the ministerial meeting of the Central and South-East European Energy Connectivity Group (CESEC) on Friday (January 19th).

The importance of the second power grid connection between Greece and Bulgaria for the Southeast European electricity market was highlighted at the project's formal inauguration on Friday, during the ministerial meeting of the Central and Southeastern Europe Energy Connectivity (CESEC) group.

The Crete-Attica electricity interconnection is being implemented faster than similar projects in other European countries

Prime Minister Kyriakos Mitsotakis on Thursday said he hoped Greece would become an exporter of green energy "in the medium-term" at a round table discussion on the topic 'European Green Deal, Anyone?' at the World Economic Forum in Davos. 

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.