Work on Crete power link set to start

Kathimerini English - - Focus - CHRYSSA LIAGGOU

In the Cre­tan port city of Irak­lio on Thurs­day En­ergy Min­is­ter Gior­gos Stathakis an­nounced the start of the project to con­struct a power in­ter­con­nec­tion be­tween At­tica and Crete by the end of the year, aim­ing for com­ple­tion by end-2022.

The min­is­ter also an­nounced that in the tran­si­tional stage, from 2020 up to the op­er­a­tion of the new in­ter­con­nec­tion, Pub­lic Power Cor­po­ra­tion’s pol­lut­ing power plants on the south­ern Greek is­land will be phased out, in ac­cor­dance with the coun­try’s obli­ga­tions to the Euro­pean Union. A re­quest will also be filed with Brus­sels for the ex­ten­sion of the op­er­a­tion of newer units that pro­duce lower emis­sions.

The is­land’s power suf­fi­ciency, Stathakis added, will also be sup­ported by the ad­di­tion of new, flex­i­ble units and by sup­ple­men­tary mea­sures pro­vided in a plan be­ing pro­cessed by the Reg­u­la­tory Au­thor­ity for En­ergy.

Stathakis ex­plained that the en­tity that will im­ple­ment the in­ter­con­nec­tion is Ari­adne In­ter­con­nec­tion, a spe­cial-pur­pose ve­hi­cle in which grid op­er­a­tor ADMIE has a stake of at least 51 per­cent. EuroAsia In­ter­con­nec­tor, which is lay­ing ca­bles link­ing Is­rael with Cyprus and Greece, will have the op­tion to en­ter Ari­adni’s share cap­i­tal in the next two months, with a stake of up to 39 per­cent, he added.

Rus­sian prop­erty in­vestor

En­ergy Min­is­ter Gior­gos Stathakis said in Irak­lio that the Crete power link will be com­pleted by 2022.

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