Ul­ti­ma­tum to ADMIE over Crete’s power

Kathimerini English - - Focus - CHRYSSA LIAGGOU

The Reg­u­la­tory Author­ity for En­ergy (RAE) will grant a two-month dead­line to the new share­hold­ers of the In­de­pen­dent Power Trans­mis­sion Op­er­a­tor (ADMIE) for sub­mit­ting a bind­ing timetable re­gard­ing the elec­tric­ity con­nec­tion of Crete to the coun­try’s con­ti­nen­tal net­work.

If the plan is not im­ple­mented in time, RAE will use the author­ity it has by law for launch­ing an open ten­der to con­cede the pro­ject to a third party as it qual­i­fies as a pro­ject of “ma­jor im­por­tance” and any fur­ther de­lay could cre­ate se­ri­ous sup­ply prob­lems for Crete.

After the first meet­ing with ADMIE’s new board last week, RAE will hold a new meet­ing in the next 10 days to dis­cuss the in­ter­con­nec­tion with Crete. The watch­dog will set the re­al­iza­tion of the pro­ject in the form of an ul­ti­ma­tum, ex­plain­ing to the new share­hold­ers of ADMIE that “there is no time to lose,” as RAE of­fi­cials say.

The fact that ADMIE is plan­ning for the Cre­tan in­ter­con­nec­tion to en­ter the sys­tem by 2025 has gen­er­ated con­cerns in the mar­ket and in RAE that the orig­i­nal timetable for the pro­ject’s com­ple­tion by 2023 may not be ful­filled.

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