MacroPolis

Government seeks to appease banks over ADMIE privatisation

In a letter sent by the four systemic Greek banks to Finance Minister Euclid Tsakalotos on January 11, but revealed by the Greek media on Friday, they expressed their serious concerns about the privatisation process of the Independent Power Transmission Operator (ADMIE).

ECJ decision on PPC’s lignite exploitation rights and future investments

The recent decision of the European Court of Justice (ECJ) to reject the appeal by the Public Power Corporation against the Commission decision providing for measures necessary to restore competition on lignite rights, brings back to the fore the issue of PPC’s privatisation.

NOME auctions as a mechanism to strengthen competition in the Greek electricity market

With decision no. 353/2016, the Regulatory Authority for Energy (RAE) determined the annual amount of electricity that will be available through auction sales of forward electricity products (NOME Type of Auction), which was scheduled to take place for the first time on Tuesday, October 25, 2016.

Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE

The Public Power Corporation (PPC) said on Wednesday evening that the China’s State Grid Corporation submitted the highest binding offer of 320 million euros for the acquisition of a 24 percent stake in the Independent Power Transmission Operator (ADMIE).

Legislative developments on restructuring and liberalisation of Greek electricity market

Chapter IV of Law 4389/2016 on “Urgent provisions for the implementation of the Agreement for Financial Goals and Structural Reforms and other provisions” includes a number of crucial provisions for the Greek electricity market.

Tight schedule to approve multi-bill, tick off remaining milestones

MPs are to begin debating on Monday the multi-bill containing draft legislation that will conclude some of the prior actions Greece has to wrap up to secure its next bailout sub-tranche of 2.8 billion euros.

After talks with lenders, Greece returns to list of tasks to secure next bailout payment

The discussions between the Greek government and the institutions that resumed last Monday concluded, as had been scheduled, on Friday and have left Athens with numerous matters to take care of in the coming days.

Can Greece learn to love renewable energy?

By: Omaira Gill

Greece is one of the most fossil-fuel dependent countries in the European Union, and has struggled to shake off this label at a time when the production of energy from renewable sources is one of the fastest growing sectors in the world.

After calm summer, hectic September lies ahead for Greek government

Although August appears to be a relatively quiet month for the government, particularly compared to the previous months and last year, there is a list of 15 prior actions the government is supposed to implement by mid-September to receive the next aid tranche of 2.8 billion euros.

First phase of process to find strategic investor for ADMIE completed

The Public Power Corporation (PPC) announced on Tuesday evening the completion of the first phase for the sale of a 24-percent stake in the Independent Power Transmission Operator (ADMIE).