Alpha, Eurobank and National have signed loan contracts with the energy groups RWE and Public Power Corporation.
ENERGY
The government is distancing itself from the overambitious goals set by the European Union for the green transition.
Cypriot Energy Minister George Papanastasiou announced on Wednesday that the obstacles in the development plan for the Aphrodite gas field have been overcome.
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.
Mytilineos Energy & Metals said on Tuesday that it has signed a 210-megawatt long-term power purchase agreement (PPA) with Karatzis SA for the green energy produced by a 262 MW solar portfolio.
Τhe Cypriot government will request that Greece’s Independent Power Transmission Operator (ADMIE) carry out a cost-benefit study as regards the Cyprus-Greece electricity interconnection (Great Sea Interconnector).
Following the elimination of the 8.3-cent subsidy per liter on April 1, increases in the average price of 95-octane gasoline have been observed in Cyprus
Moldova’s domestic gas supplier Energocom said it will supply its consumers with test volumes of US-origin liquefied natural gas (LNG) for the first time on Monday and Tuesday. Moldova relied almost exclusively on Russian gas under a deal with state-controlled Gazprom but stepped up diversification efforts following Moscow’s full-scale invasion of neighbouring Ukraine two years ago.
The tax administration has issued instructions to the customs control mechanism on the measures and fines in cases of fuel smuggling.
The expectations of RES producers for possible compensation against the energy cuts were brought back down to earth.
The Independent Power Transmission Operator (ADMIE) on Thursday announced a tender procedure aiming at a framework-agreement for underwater AC power cable projects for interconnections to the Dodecanese and north Aegean islands, via competitive dialogue.
Natural gas prices are gradually returning to their historical norms, reflecting the basics of supply and demand, Public Gas Corporation (DEPA Commerce) CEO Konstantinos Xifaras told the 5th Power & Gas Forum on Thursday.
Greek gas supplier DEPA Commercial has filed for arbitration to seek a price revision on its gas supply contract with Gazprom, DEPA CEO Constantinos Xifaras has said.
Public Power Corporation (PPC) announced on Tuesday it has completed the acquisition of an 84-megawatt wind farm in Romania through its subsidiary PPC Renewables.
Cyprus aims to complete construction of the liquified natural gas (LNG) terminal in Vasilikos by the end of 2024, Energy Minister George Papanastasiou said on Monday.
The geologists of ExxonMobil have begun the evaluation of the latest 3D data.
[nx_login_form]x
