Cyprus will begin installing solar panels at National Guard camps and other military facilities starting in September, aiming for completion by 2027, according to the island’s Defense Minister Vasilis Palmas.
ENERGY
Greece will impose a one-off windfall tax on its power producers over the next two months and use the proceeds to help subsidise power bills for households already strained by a cost-of-living crisis, Prime Minister Kyriakos Mitsotakis said late on Tuesday.
The government has decided to subsidize household electricity consumption for August.
Greece’s Independent Power Transmission Operator (ADMIE) presented new data to the Cyprus Energy Regulatory Authority (RAEK) on Monday.
The government is mulling the possibility of imposing an extraordinary levy on the surplus profits of energy companies, as was done recently with refineries, in light of large increases in wholesale electricity prices.
Prime Minister Kyriakos Mitsotakis has called an emergency meeting Tuesday morning to address discrepancies in energy prices.
“Neither the Greek Cypriots nor the Turkish Cypriots had affection for the Republic of Cyprus in 1960,” Cypriot President Nikos Christodoulides tells Kathimerini in an extensive interview on the occasion of the 50th anniversary of Turkey’s bloody invasion of the island.
Energy regulator RAAEY is examining the high daily fluctuations of electricity prices in the wholesale market.
Power has been restored to a Thessaloniki general hospital after supply issues left it without electricity for a short period.
Cyprus’ Minister of Energy George Papanastasiou on Thursday received the comprehensive cost-benefit study for the Cyprus-Greece electricity interconnection,
The wholesale electricity markets of South and Eastern Europe are seeing prices reminiscent of the energy crisis, led by the Hungarian market, where the rate on Wednesday shot up to 263.99 euros per megawatt-hour.
Greece is among the world’s leading markets for renewable energy sources.
A possible investment in a floating liquid natural gas (LNG) storage unit in the Pagasetic Gulf is not likely to be implemented due to lack of sustainable economic and political support, Environment and Energy Minister Thodoros Skylakakis told Parliament on Monday.
The Independent Power Transmission Operator of Greece (ADMIE) has been invited to the Cyprus Energy Regulatory Authority (RAEK) next Monday in connection with new evidence on the basis of which it has requested a review of the Cypriot regulator’s decision not to allow Cypriot consumers to be charged before the implementation of the Great Sea Interconnector project.
A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country’s bid to end its energy isolation as the last EU member-state without such a connection.
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