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Tag: Energy Infrastructure
The European Investment Bank (EIB) has approved €490 million in financing for the IPTO North East Aegean Interconnection project, which will connect the islands of Lemnos, Lesvos, Chios, Samos, and Skyros to Greece’s mainland grid, ending their electrical isolation and replacing diesel power with cleaner, more reliable electricity.
More than one million households in Kyiv and the surrounding region were left without electricity…
Greece inaugurated a €134 million natural gas compression station in Komotini yesterday, enhancing exports to Bulgaria, Romania, Moldova, and Ukraine while supporting EU energy diversification efforts.
Falling wreckage from intercepted Ukrainian drones ignited a significant fire at a key oil refinery…
North Macedonia has begun construction on a critical 67-kilometer section of the Greece-North Macedonia gas…
Greece has successfully completed the first major power transfer from Crete to Attica, with 320 MW transmitted via the new Ariadne Interconnection. The high-voltage direct current (HVDC) submarine cable confirms its bidirectional capabilities, marking a key milestone in enhancing the country’s energy security and supporting the transition to renewable power.
Greek gas supplier DEPA Commercial has announced a €600 million project to build a 792 MW natural gas-fired power plant in Larissa, in collaboration with international and domestic partners. The plant, which will use Mitsubishi Heavy Industries technology, is set to boost energy competition, create jobs, and support Greece’s transition away from coal.
At the 6th Economist Eastern Mediterranean Business Conference in New York, Greece highlighted its strategic role in Europe’s energy future. Deputy Foreign Minister Tasos Hatzivasileiou presented key infrastructure projects and emphasized Greece’s potential as a gateway for regional energy and trade, underscoring the country’s commitment to reducing Europe’s reliance on Russian fossil fuels through strengthened cooperation with Cyprus, Israel, and the United States.
North Macedonia has awarded an €83.7 million contract to local firm Rapid Build to construct its section of a new gas interconnector with Greece, a strategic project funded by European institutions to boost energy security and regional cooperation.
Greek Deputy Foreign Minister Tasos Chatzivasileiou visited Kyiv to discuss Ukraine’s reconstruction and strengthen economic ties between Greece and Ukraine. Meeting with Ukrainian officials, he emphasized the urgency of peace and the role Greek businesses could play in rebuilding efforts, while reaffirming support for the Greek diaspora amid the ongoing conflict.
Russian President Vladimir Putin has agreed to suspend attacks on Ukraine’s energy infrastructure during negotiations…
Greece has reaffirmed its commitment to completing a high-capacity electricity cable linking the power grids of Greece, Cyprus, and Israel, despite ongoing setbacks.
Ukraine has received its first shipment of liquefied natural gas from the United States, marking a significant step in reducing dependence on Russian energy sources. The delivery, facilitated by DTEK, arrived at a Greek terminal via the Mediterranean. This milestone comes just before the expiration of a Russian gas transit deal through Ukraine and ahead of Donald Trump’s inauguration as US president. Given heightened Russian attacks on Ukraine’s energy system, this development is crucial for regional energy security.
Greece is set to transform its energy infrastructure with a 1 GW undersea power link connecting the mainland to the Dodecanese islands by 2027. The €1.42 billion project, led by the Independent Power Transmission Operator (IPTO), will replace costly diesel generators with renewable energy, enhancing grid stability and cutting carbon emissions. This interconnection is part of a broader plan to link all major Aegean islands to the mainland by 2030, paving the way for sustainable energy development in the region.
Six nations bordering the North Sea have united in a landmark agreement aimed at safeguarding…
