Electricity market operator LAGIE said in its latest report on Tuesday than the faster-than-expected induction of new photovoltaics to the grid will create a bigger-than-expected deficit in the power market by the end of 2014.
LAGIE said that by February 15, total photovoltaic capacity had reached 1,836 MW, which was even higher than the projected target for 2014, and 296 MW of which was installed since the start of the year.
LAGIE said that this will create an extra shortfall of 400 million euros, taking its total deficit by the end of next year to 1.3 billion euros.
The Environment and Energy Ministry is understood to be watching the situation closely, especially given the forthcoming privatization of the Public Gas Corporation (DEPA) and concerns that the new owners might seek to immediately collect the 400 million it is owed.
Twho people have been arrested in Mani in the Peloponnese for allegedly growing cannabis plants.
Police on Saturday arrested a 73-year-old American woman and a 48-year-old man from Poland af...
A forest fire in the Aghia Triada area on the island of Hydra has been brought under control with firefighting planes, authorities said on Saturday.
The fire, which broke out on Friday, spre...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
While the country waits for an influx of major investment that is expected to create new jobs in the distant future, it is absolutely vital to bolster small to medium-sized companies as fast...
Greek police officers are doing a fine job despite considerable cuts in their salaries coupled by major shortages in equipment and infrastructure.
Through their behavior and professionalism,...
