«Power

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PM highlights East Med energy merits

PM highlights East Med energy merits In the wake of this week’s agreement for the power interconnection of Greece and Egypt, Prime Minister Kyriakos Mitstotakis referred to the importance of the East Mediterranean to deal with the energy crisis, which he said could under certain conditions provide an alternative energy route for the European Union. […]

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PPC and Macquarie announce DEDDIE deal

PPC and Macquarie announce DEDDIE deal Public Power Corporation (PPC), Greece’s biggest power utility, has agreed to sell a minority stake in the country’s sole power grid operator, DEDDIE, to Macquarie Asset Management, PPC and Macquarie said on Wednesday. The announcement came a day after PPC received shareholders approval for the sale. PPC last month […]

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Greece wants ‘realistic’ EU green policy for shipping

Greece wants ‘realistic’ EU green policy for shipping EU shipping power Greece has told the European Commission that adding the industry to the bloc’s carbon emissions trading scheme should be proportionate and tightly enforced to secure a level playing field for the European fleet in global markets. In a letter sent to Commission head Ursula […]

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PPC gets shareholder approval for stake sale

PPC gets shareholder approval for stake sale Public Power Corporation (PPC) on Tuesday received shareholder approval for a share offering that will see the state lower its controlling stake to a blocking minority. PPC plans to launch a non-preemptive share offering to institutional and domestic retail investors later this month, aiming to raise about 750 […]

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Mitsotakis says Egypt power interconnector deal ‘critical’ for Europe

Mitsotakis says Egypt power interconnector deal ‘critical’ for Europe Prime Minister Kyriakos Mitsotakis on Wednesday said that an agreement between Greece and Egypt to set up undersea power interconnectors, the first such infrastructure in the Mediterranean, was crucial to Europe’s energy security. “This is absolutely critical for the stability of the European grid,” Mitsotakis said […]

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Mobilization for winter power sufficiency

Mobilization for winter power sufficiency In view of Europe’s prolonged energy predicament ahead of winter, Greece’s electricity grid operator ADMIE is mobilizing all thermal units, natural gas and lignite, to deal with the conditions of high demand in the coming months. The thermal units must be ready to work at full capacity in order to […]

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Linking Greek islands to mainland power grid will save €4.5 billion euros between 2020-2030

Linking Greek islands to mainland power grid will save €4.5 billion euros between 2020-2030 The linking of the power grids of Crete, the Dodecanese Islands, and the NE Aegean Islands with that of the mainland will bring a net benefit of over 4.5 billion euros to consumers from 2022 to 2030, government officials revealed, according […]

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Linking islands to mainland power grid will save 4.5 bln euros on consumer bills 2022-2030

Linking islands to mainland power grid will save 4.5 bln euros on consumer bills 2022-2030 The linking of the power grids of Crete, the Dodecanese Islands and the NE Aegean Islands with that of the mainland will bring a net benefit of over 4.5 billion euros to consumers from 2022 to 2030, government officials revealed. […]

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Simpler power contracts and bills

Simpler power contracts and bills The Regulatory Authority for Energy (RAE) is putting an end to the unclear charges on electricity bills that a consumer would need assistance from a specialized consultant to decipher before signing a contract. To that end the energy watchdog is putting standardized forms for supply contracts and consumption bills up […]

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Greek-Egypt power linkup based on maritime zone delimitation

Greek-Egypt power linkup based on maritime zone delimitation Energy Minister Kostas Skrekas and Egypt’s Electricity & Renewable Energy Sources Minister Mohamed Shaker signed on Thursday the memorandum of understanding that provides for the interconnection of the two countries’ power transmission networks. Skrekas underlined that the electricity interconnection between the two countries “will carry clean energy […]

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Bracing for winter power hikes

Bracing for winter power hikes As Europe prepares for a winter of high prices by focusing on immediate support for households and small businesses, Greek Energy Minister Kostas Skrekas expressed concerns Wednesday that the crisis may be prolonged until the spring, testing the social cohesion of European Union member-states. “Demand for gas is growing and […]

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Storm Ballos Batters Athens with Power Outages, Flooded Streets

Storm Ballos Batters Athens with Power Outages, Flooded Streets Many roads in Athens were flooded as heavy rain fell in the Greek capital on Thursday. Credit: AMNA The weather front code-named Ballos has hit Athens on Thursday causing power outages in several parts of the capital and flooding streets. Torrential rain has forced the Greek […]

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Storm causes power outages in Athens

Storm causes power outages in Athens A wet weather system dubbed Ballos knocked out the power in many parts of the Greek capital on Thursday and flooded streets. The Civil Defense Ministry also sent out an emergency alert message warning citizens not to venture outdoors unless absolutely necessary The stormy weather came in from the […]

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Greece, Egypt to sign pact on power interconnector

Greece, Egypt to sign pact on power interconnector Greece and Egypt will sign an agreement on the electricity interconnection between the two countries in Athens on Thursday, Athens-Macedonia news agency (AMNA) reports. The deal, to be signed by Greek Environment and Energy Minister Costas Skrekas and Egyptian Electricity Minister Mohamed Shaker, marks the first interconnection […]

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Why it is time to check the power Turkey seeks to exert on the global stage

Why it is time to check the power Turkey seeks to exert on the global stage Michael Rubin joins The Greek Current to discuss his latest op-ed “The West shouldn’t deny the big picture on Turkey’s Erdogan,” in which he makes the case that it’s time to check the power Turkey and Erdogan seek to […]

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Is America Back? The US-China rivalry in the Eastern Mediterranean

Is America Back? The US-China rivalry in the Eastern Mediterranean Great power rivalry with China has become the central feature of American foreign policy, and is playing out across the globe, including in the Aegean and the Balkans. In his latest op-ed for Kathimeinri titled “Is America back?” Endy Zemenides argues that the US needs […]

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Economy

Schneider Electric: Συνεργασία με IT διανομείς για υπηρεσίες Managed Power

Schneider Electric: Συνεργασία με IT διανομείς για υπηρεσίες Managed Power Η Schneider Electric, πρωτοπόρος στον ψηφιακό μετασχηματισμό της διαχείρισης ενέργειας και του αυτοματισμού, ανακοίνωσε τη συνεργασία της με IT distributors από το Ηνωμένο Βασίλειο, την Ολλανδία, τη Γερμανία και την Αυστρία για την παροχή μιας managed services προσφοράς για IT channel partners. Διαθέσιμο μέσω της […]

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Greece doubles power bill help for households as prices soar

Greece doubles power bill help for households as prices soar Greece will double power and gas bill subsidies and increase handouts to help households tackle soaring energy prices, it said on Friday. In total, the relief will reach 500 million euros ($577.90 million), Finance Minister Christos Staikouras told a news conference, up from subsidies of […]

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Greece Offers Power Subsidy to Households as Energy Price Soars

Greece Offers Power Subsidy to Households as Energy Price Soars Greek households will be subsidized to cope with rising power prices. Photo: Athens at Night by George Koronaios/Public Domain Greece announced on Friday a series of measures that would offer households subsidies to cope with soaring energy prices. “In this unprecedented energy crisis, we will […]

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PPC and RWE sign renewables deal

PPC and RWE sign renewables deal Public Power Corporation subsidiary PPC Renewables and RWE Renewables on Thursday announced the signing of a landmark agreement to form a joint venture in order to realize renewable energy source projects in Greece with a total capacity of at least 2 gigawatts. The agreement was signed by Konstantinos Mavros, […]

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Power grid faces systemic risk

Power grid faces systemic risk As energy rates break one record after another and the local power market faces the prospect of a systemic danger, Greece has submitted a plan to the eurozone for the creation of a European Union-wide mechanism to tackle the rise in energy costs. Natural gas rates have increased 121.4% on […]

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Greece Calls on EU to Protect Consumers From Gas Price Spikes

Greece Calls on EU to Protect Consumers From Gas Price Spikes A natural gas power station is being built at Alexandroupolis, northern Greece. Credit: AMNA Greece called on the European Union on Monday to create a special mechanism to protect consumers from steep gas price spikes across the bloc. In a joint letter to the […]

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How to mix strength with weakness

How to mix strength with weakness Measuring the power of a religious leader is never easy. In 1935, when the French foreign minister urged Stalin to make some concession to Catholics in Russia, he received the mocking reply: “How many [military] divisions has the Pope?” Little did the Soviet leader imagine that half a century […]

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PPC retains majority on electricity grid operator’s board

PPC retains majority on electricity grid operator’s board Public Power Corporation will retain a majority of seats on the board and in the management of the Hellenic Electricity Distribution Network Operator (HEDNO or DEDDIE), which will have the option of listing its shares on the stock market and implementing an already approved business plan for […]

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PPC union calls 24-hour strike on Oct 19

PPC union calls 24-hour strike on Oct 19 The workers’ union of the Public Power Corporation (PPC), GENOP-DEI, has announced a 24-hour strike to be held on Tuesday, October 19. The strike has been scheduled to coincide with a meeting of PPC shareholders who will discuss increasing the company’s share capital. A demonstration will be […]

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Companies flock back to PPC

Companies flock back to PPC Medium-voltage enterprises are flocking back to Public Power Corporation (PPC) due to the high electricity rates in the market. That is the client category that alternative power suppliers specifically targeted when the energy market opened up, thanks to its high profit margins. The competition later focused on attractive offer and […]

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New power balance in East Med with French frigates, corvettes deal

New power balance in East Med with French frigates, corvettes deal As part of the wider strategic objective of boosting military cooperation among European partners, Greece and France have reached an agreement for the supply of French FDI frigates and Gowind-class corvettes for the Hellenic Navy, Kathimerini understands. The deal, which will include a clause […]

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Sports

Τα power games της ΕΠΟ και η προσφυγή του Κούγια που «ρίχνει» τη διοίκηση των παρανομιών

Τα power games της ΕΠΟ και η προσφυγή του Κούγια που «ρίχνει» τη διοίκηση των παρανομιών Η εβδομάδα που πέρασε ήταν γεμάτη εντάσεις στο ελληνικό ποδόσφαιρο. Και επειδή στην Ελλάδα είμαστε, όλα δείχνουν ότι έτσι θα συνεχιστούν τα πράγματα. Η ΑΕΚ επιτέθηκε στην ΚΕΔ θεωρώντας ότι αδικήθηκε στο παιχνίδι με τον ΟΦΗ από τους Φωτιά […]

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The new  PPC

The new  PPC In 2019, the largest Greek company, Public Power Corporation, was almost bankrupt, unable to finance investments for its energy transition.  This stalemate ended up being paid for by consumers.  Thanks to its economic consolidation over the past two years, PPC is now able to raise funds to invest in infrastructure.  Those who […]

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Macquarie named preferred bidder for stake in Greek power grid operator HEDNO

Macquarie named preferred bidder for stake in Greek power grid operator HEDNO Public Power Corp (PPC), Greece’s biggest power utility, on Thursday formally named Australian infrastructure giant Macquarie as the preferred bidder for a minority stake in its fully-owned power grid operator, Hellenic Electricity Distribution Network Operator (HEDNO). PPC shareholders will take a final decision […]

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