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Tag Archives: energy

Greece’s leading role in energy security of the Balkans & SE Europe

At the Berlin Process Summit in Berlin, Prime Minister Kyriakos Mitsotakis is expected to highlight Greece’s leading role, not only as a pillar of stability and security in the region, but also as a key force for energy security and the diversification of energy sources in the Balkans and Southeast …

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Industry in Greece faces 5% energy cut Dec-Mar

Government officials are busy working out the plan for reducing energy consumption by 5%, which is to become mandatory for industries from December 1, 2022 to March 31, 2023. The first draft, presented last week by the Energy Ministry and Independent Power Transmission Operator (ADMIE) to representatives of industrial companies, …

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Greece proposed construction of power line to Austria, Germany

Greece has submitted a proposal for the construction of a direct electricity interconnection with Austria and Germany, with an initial capacity of 3.0 gigawatts, Environment and Energy Minister Kostas Skrekas revealed at the Renewable and Storage Forum on Thursday. “It is not an easy project but there is great need …

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Turkey-Libya preliminary hydrocarbon deal prompts Greece, Egypt to push back

Libya’s Tripoli government signed a preliminary deal on energy exploration on Monday, prompting Greece and Egypt to say they would oppose any activity in disputed areas of the eastern Mediterranean. Libya’s eastern-based parliament, which backs an alternative administration, also rejected the deal. Speaking at a ceremony in Tripoli, Turkish Foreign …

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Greece proposes 80-billion-euro energy fund to European Commission

Τhe European Commission should set up an 80-billion-euro fund to deal with the fallout from high natural gas prices, proposed Environment and Energy Minister Kostas Skrekas to EU officials on Tuesday. Skrekas made the proposal ahead of the Ministers of Energy Emergency Council on Friday, in a letter to Executive …

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Lights out for Greece’s Parliament to save energy

The exterior lighting of the Parliament building in central Athens will not be switched on at night as part of the national effort to save energy. By decision of Parliament Speaker Kostas Tasoulas, the lighting on the front and sides of the building will be discontinued, while only the perimeter …

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Gov’t support: Heating subsidy, one-off allowance, subsidy for farmers, breeders

Two days after Prime Minister Kyriakos Mitsotakis announced  at the International Fair of Thessaloniki a series of support measures for the society and some professional sectors amid the energy crisis, Finance Minister Christos Staikouras specified the measures on Monday morning. Top on the agenda of government support and the society …

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Greek FinMin to table supplementary budget to cover extra aid to households & businesses

Finance Minister Christos Staikouras announced on Thursday he will present a supplementary budget to cover the cost of additional aid for households and businesses hit by high energy costs. Speaking to state boradcaster ERT, the finance minister cited “satisfactory” fiscal data. Staikouras said the performance of tourism and revenues from …

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Greece Gov’t approves return to lignite for power production

The government has agreed to double the production of electricity using lignite coal as part of a four-point plan to ensure an adequate supply of energy at affordable prices. The plan was agreed at an emergency meeting on the energy crisis caired by Prime Minister Kyriakos Mitsotakis on Thursday. At …

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“Operation Thermostat”: Greece’s plan to reduce energy consumption

With incentives like increased funding to public buildings Greece’s government presented a plan aiming to reduce energy consumption. The plan called “Operation Thermostat” sets the guidelines for the energy consumption reduction and offers incentives in cash to state entities that cut back on energy use. Environment and Energy Minister Kostas …

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Purchase of F-35 fighter jets, energy, Turkey dominate Mitsotakis-Biden meeting

Prime Minister Kyriakos Mitsotakis confirmed that Greece is eyeing the purchase of advanced US-built F-35 fighter jets and that a leading American defense contractor is seeking to invest in the country’s aerospace industry. “We will launch the process for the acquisition of a squadron of F-35 aircraft, and we do …

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Greece’s Gov’t mulls new support plan as anger over energy prices grows

Alerted by the citizens’ anger over the energy prices and the increasing cost of living the conservative government is promising to come up with a new national support plan for the benefit of households and businesses. The plan is expected to be implemented in June. The national plan will be …

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