Lignite

More than 200 analysts from the largest financial houses in the world attended the presentation in London of Public Power Corporation's (PPC) investment plan, amounting to 9 billion euros over the next three years, which lasted over two hours.

Greece is to be commended for its response to the global energy crisis triggered by Russia's invasion of Ukraine, the International Energy Agency (IEA) said in a report released on Thursday.

IEA also commended Greece for its National Climate Law, which sets ambitious decade-by-decade targets for bringing down greenhouse gas emissions to net zero by 2050.

Climate activist Greta Thunberg was among climate activists detained during protests against the expansion of a coal mine in Luetzerath on Tuesday, according to German police, reported CNN affiliate N-TV.

Τhe Greek government plans to cover most of the energy deficit that will arise in the event of interruption of Russian gas flows with the use of lignite and energy savings. Thus, on the lignite front, early lignite divestment has been put on hold and the withdrawal of the lignite units from operation is expected to be delayed for three years.

The use of lignite in Greece showed a big drop in 2020, since compared to 2019 it decreased by 49%.

This is shown by the latest data from the European statistical office Eurostat on lignite use in the EU, with the numbers being impressive.

Turkey's daily electricity consumption decreased by 6.9 percent on Feb. 6 compared to the previous day to reach 799,056 megawatt-hours, according to official figures of the Turkish Electricity Transmission Corporation (TEİAŞ) on Feb. 7 at 10.00 local time.

Turkey's industrial productivity increased by 2.84% year-on-year from July to September, the Industry and Technology Ministry said on Dec. 11. 

Calendar adjusted index of production per person employed stood at 114.09 in the third quarter of 2020, rising from 110.23 in the same period last year, according to official figures.

The transition from mineral fuels such as lignite to renewable energy sources is bringing new investors to Greece.

On Monday, Germany's RWE is set to sign a memorandum of understanding with Public Power Corporation (PPC) for the joint construction of RES projects in Greece.

Prime Minister Kyriakos Mitsotakis stressed the government's determination to phase out lignite plans as part of the National Plan for Energy and Climate at a meeting with Energy Minister Kostis Hatzidakis and ministry officials .

Prime Minister Kyriakos Mitsotakis was on Monday briefed on the National Plan for Energy and Climate by the Energy Ministry's leadership.