Greece

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...

There is rumor that the Italian power grid company, Terna, along with the infrastructure fund F2i (Fondi Italiani per le Infrastrutture) will be making a joint bid to pick up the 24 percent stake the Greek grid operator ADMIE...

Power utility PPC announced that three companies out of four that expressed interest will continue in the tender for the sale of a 24 percent stake in power grid operator ADMIE. The companies are France’s RTE International (on behalf of...

"The agreement for Independent Power Transmission Operator (ADMIE) has closed and its implementation is underway. The agreement clearly states the need for PPC to be compensated" stated Environment and Energy Minister Panos Skourletis in an interview to newspaper Agora. "We...

Greece announced on Thursday the completion of the construction of an electricity interconnection between Crete and the Peloponnese

The Minister for Environment and Energy, Kostis Hatzidakis, mentioned this morning to SKAI, that the electrification system in Greece is facing big problems. The power system in the country is at its limit. "If there is a blackout, there is...

Halyvourgiki, Greece's largest steel manufacturer, shut down on Monday when the electricity supply to the company was switched off for nonpayment. The steel giant has been compiling enormous debts for years. Grid operator ADMIE carried out the Public Power Corporation’s order...

Most parts of Athens were without electricity early Wednesday afternoon after a fault crippled the power supply system in the Greek capital. Suburbs from as far south as Glyfada to Kifisia in the north were all affected. According to the Independent...

They may be at loggerheads over the name dispute, but Greece and the Former Yugoslav Republic of Macedonia are moving closer when it comes to generating electricity. A cross-border meeting between officials from the Greek power company ADMIE and its...

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...