CHRYSSA LIAGGOU

US incentives luring Greek industries

The generous incentives provided in the US Inflation Reduction Act (IRA) is not lost on extroverted Greek businesses. Following the lead of other large European industrial companies, Cenergy Holdings and cement manufacturer Titan are giving their own “vote of confidence” to the US as an investment destination and the Biden administration’s $369 billion financial package to support the green transition, from which they will be supported with a total of more than $100 million.

CO2 storage at Prinos field

Greece has included CCS technology in its energy and climate plan (ESEK).

12.04.2024 / 02:35

Elpedison heads for breakup

The divorce of Helleniq Energy and Edison after 15 years of their joint venture in the field of the electricity market is now taken for granted.

10.04.2024 / 11:07

No permit revoked for companies guilty of electricity theft

The Energy Ministry may have announced heavy penalties for electricity theft, but in the draft law it seems they were forgotten.

04.04.2024 / 18:02

Gov’t revising energy objectives

The government is distancing itself from the overambitious goals set by the European Union for the green transition.

03.04.2024 / 13:44

Power theft puts freeze on reductions

Grid losses and power thefts in 2021 and 2022 have been ascertained by Greek power grid operator DEDDIE to amount to 500 million euros. The bill was sent to providers, which in turn are passing it on to consumers.

01.04.2024 / 22:20

Fears of deindustrialization after factory shutdowns

Two shutdown announcements within less than a week served as an alarming message about the risk of deindustrialization.

30.03.2024 / 16:00

RES compensation to shrink

The expectations of RES producers for possible compensation against the energy cuts were brought back down to earth.

28.03.2024 / 12:45

Countdown for beleaguered mining company

Another costly chapter in the lengthy and tumultuous history of state mining company Larco has been added by the liquidation project to find an investor.

25.03.2024 / 06:57

Decision time for the gas reserves off Crete

The geologists of ExxonMobil have begun the evaluation of the latest 3D data.

24.03.2024 / 18:10

Energy Ministry’s concerns over Enaon plans for gas links to islands

Enaon EDA, of the Italgas group, is planning for the expansion of the natural gas network to the Greek islands up to 2028.

21.03.2024 / 21:51

Contingency plans for any RES problem

The Energy Ministry is preparing emergency measures to shield the grid and avoid blackout phenomena.

12.03.2024 / 18:23

Wholesale electricity prices remain high despite renewable energy share

The fluctuation in wholesale electricity rates augurs badly for the formation of consumer electricity tariffs in April.

11.03.2024 / 10:29

Critically important metals are found

Greece very likely has significant sources of metals and semimetals among the so-called “critical minerals” essential for the transition to clean energy, among other uses, officials at the Ministry of Environment and Energy believe.

06.03.2024 / 10:11

Greek-German interconnection

The way for the recognition of the Greece-Germany electrical interconnection as a European project of common interest (PCI) has been opened.