ADMIE

Greece has emerged as an exporter of electric power to its neighbors in Southeast Europe in the last few months. The country has become a net exporter – rather than importer – of electricity, according to the Independent Power Transmission...

Greece's Public Power Corporation (PPC) on Thursday reported a 66 percent drop in the nine-month net profit. The public utility that has monopolized the electricity market for decades, has suffered losses after hiking prices and the inability of customers to...

Greece's power grid operator ADMIE has signed a non-binding agreement with China Development Bank as it looks for fresh capital to finance infrastructure projects. State-controlled ADMIE and China Development Bank signed a memorandum of understanding, aiming to help the Greek...

The purchase of a 24 percent stake of Greece's state-owned power grid operator ADMIE by State Grid Corp of China was completed on Wednesday, according to Xinhua news agency. The 320-million-euro deal is part of Greece's privatizations project, a bailout...

The Greek state has sold 51 percent of power grid operator ADMIE to the State Grid Corporation of China, according to a Kathimerini newspaper report. The report says that the deal with the Chinese company is revealed in the informative...

The president and the CEO of the state-owned Independent Power Transmission Operator (IPTO or ADMIE) submitted on Monday their resignations to Energy and Environment Minister Giorgos Stathakis, who accepted them. The resignation comes after New Democracy MP Konstantinos Skrekas revealed...

On Tuesday Greece's power utility Public Power Corp (PPC) approved the transfer of a 51 percent stake in the power grid operator ADMIE. The move is part of the series of privatizations specified in the bailout agreement that the country...

The actions needed to ensure the timely conclusion of the privatisation of the country's power grid operator ADMIE were discussed in a meeting between Finance Minister Euclid Tsakalotos, Environment and Energy Minister Giorgos Stathakis, along with the management of Greece’s...

Greece’s power utility PPC announced on Wednesday that China’s State Grid Corporation has submitted the winning bid for a 24 percent stake in grid operator ADMIE, offering 320 million euros. The other candidate was a consortium led by Italy’s Terna. PPC’s...

Greece received two binding bids for the sale of a 24 percent stake in power grid operator ADMIE on Friday, the final day for the submission of a bid, an energy ministry source said. The two companies are Italian power...