Greek energy company Energean on Thursday announced an agreement to sell its portfolio in Egypt, Italy and Croatia to Carlyle International Energy Partners for a price of up to $945 million (880 million euros) and not less than $820 million (€763 million).
An appeals court in Western Macedonia on Thursday reversed a sentence imposed on seven former and current executives of state-run power utility PPC over a huge landslide at a lignite mine in the region of Kozani in 2017, which forced the evacuation of a nearby village.
The transaction amounts to 3.2 billion euros, the biggest for an energy company through ATHEX.
Energean announced an agreement to sell its portfolio in Egypt, Italy and Croatia to Carlyle International Energy Partners for a price of up to 945 million dollars and not less than 820 million dollars.
The Independent Power Transmission Operator (ADMIE) showed a significant increase in its fundamentals in the first quarter of the year, according to the results announced on Tuesday.
Marinos Giannopoulos, the CEO of Enterprise Greece, the official investment and trade promotion agency of the Greek state, called for Greek-Turkish energy cooperation in the Aegean during an interview with Anadolu Agency, published on Monday.
Greece’s Independent Power Transmission Operator (ADMIE) saw a significant improvement in the first quarter of the year, according to the results announced on Tuesday.
Gains by right wing parties in the recent European Parliament elections may stall the development of a slew of renewable energy projects across Europe.
Athens is waiting to see how the Turkish Petroleum Research Organization (TPAO) research vessels will move in the northeastern Aegean Sea, within Turkish territorial waters.
The Energy Ministry is shifting from the shrinking and relocation of offshore wind farms to the definitive exclusion and transfer to a later stage of development, in order to prevent the relevant development program from becoming a field of conflict, leading to major delays.
State-owned Turkish Petroleum Corporation (TPAO) has submitted a request to conduct hydrocarbon exploration surveys in the Aegean Sea, the Turkish Energy Ministry said in an announcement, published on Thursday.
Motor Oil (Hellas) Corinth Refineries announced on Tuesday that it had agreed to purchase through its subsidiary Manetial Ltd 94.44% of Helector, a waste management and alternative fuel production company with a vertically integrated operation and a subsidiary of Ellaktor.
Electricity consumers should expect further rate hikes in July after the price increase in the wholesale market, while a permanent threat for additional charges is the deficit of the renewables account (ELAPE), which the latest forecasts raise to 600 million euros by year-end, from €450 million in March.
ExxonMobil is taking to a more advanced stage of maturity the project of exploring the Greek concessions for the two areas west and southwest of Crete in its joint venture with Helleniq Energy.
Turkey is set to join the nuclear energy club, with the Akkuyu plant expected to go online at the end of the year. It has plans for two more nuclear energy sites. Expert Eleni Ekmektsioglou joins Thanos Davelis to look into Turkey’s nuclear energy ambitions and what they mean for regional stability.
Grid operator DEDDIE has got some particularly worrying data on electricity theft.
