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Energy
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EconomyMacroeconomy
PPC general meeting approves unbundling of ADMIE The Public Power Corporation (PPC) held an Extraordinary General Meeting (EGM) on Tuesday that approved the unbundling of the Independent Power Transmission Operator (ADMIE), which is fully owned by PPC.
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EconomyMacroeconomy
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).
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Legal
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.
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EconomyMacroeconomy
Collapse of DESFA tender adds to Greece’s privatisation challenges The Energy Ministry confirmed via a press release issued on Wednesday afternoon that the privatisation process of the Hellenic Gas Transmission System Operator (DESFA) has been cancelled after the preferred bidder, the Azeri SOCAR, did not extend its letter of guarantee.
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PoliticsForeign Policy
Lavrov visit yields little for Athens, which denies Iranian bank veto Russia's Foreign Minister Sergey Lavrov's visit to Athens this week did not produce any concrete results even though the Greek government had been expecting at least a positive sign with regards to the prospects of a bilateral cooperation in the energy sector.
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Legal
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.
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Economy
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).
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Legal
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.
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Legal
New regime on electricity producers from RES/CHP stations foresees further investments in Greek energy market In early August 2016, Greek Parliament passed Law No. 4414 on the "New support scheme for electricity producers of Renewable Energy Sources (RES) and Combined Heat and Power High Performance (CHP) stations - Provisions for legal and functional separation of supply and distribution industries in the market of natural gas and other provisions "(Gov. A'139 / 09.08.2016), which regulates highly important issues for the Greek energy market as regards the electricity stations generating power from RES and CHP.
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EconomyProgramme
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.