2 days ago
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The request to strengthen energy interconnections arsenic a tool for vigor information and stability was highlighted by Ioannis Margaris, Vice Chairman of the Independent Power Transmission Operator (IPTO), who stressed that Europe continues to look important challenges astatine some the governmental and regulatory levels.
Speaking astatine the “Energy Transition Summit: East Med & Southeast Europe – Building an Interconnected and Secure Regional Energy System”, organized successful Athens by Kathimerini and the Financial Times, Margaris stated: “In Europe, we person not yet solved the contented of however we tin physique amended and stronger grids,” while emphasizing that geopolitical developments successful the wider Middle East portion show the request for contiguous decisions regarding the continent’s vigor future.
As helium noted, though the European Commission places accent connected interconnections, obstacles stay successful narration to the governmental and regulatory framework, arsenic well arsenic nationalist acceptance of such projects.
“We request to spell backmost to society and guarantee that society is connected our side,” helium said, explaining that respective projects person been delayed oregon “frozen” owed to reactions from section communities and licensing difficulties. At the aforesaid time, helium stressed that regulatory authorities should beryllium strengthened so they tin supply the close incentives to investors.
“Grids are a means of information and terms stability”
Margaris placed peculiar accent connected IPTO’s concern program, noting that implicit the past decennary the relation has proceeded with extended land interconnections and has present acquired important expertise successful analyzable infrastructure projects.
“We person the conditions and the technology. We person managed to interconnect astatine slightest fractional of the Greek islands and we person a immense programme up of us,” helium said.
According to Margaris, the existent play represents an accidental for Greece and Europe to use vigor grids arsenic “a means of security” and arsenic a tool for maintaining vigor prices astatine sustainable levels.
“Cost-benefit investigation supports the instauration of interconnections 9 times retired of ten, not lone from an economical position but besides due to the fact that of each the further advantages that arise,” helium added.
The IPTO Vice Chairman besides referred to Greece’s relation successful the Balkans, noting that the portion continues to look deficiencies successful vigor infrastructure for humanities reasons. As helium explained, Greece is seeking to coordinate with its bluish partners successful bid to strengthen determination interconnectivity.
Optimism implicit the Greece–Cyprus interconnection
Referring to the Greece–Cyprus energy interconnection project, Mr Margaris said that a gathering was held successful Cyprus yesterday (Tuesday), during which a determination was taken to submit an authoritative financing petition to the European Investment Bank.
As helium noted, this financing would importantly heighten the resilience of the project, while IPTO already possesses the indispensable expertise to instrumentality such demanding subsea interconnections.
At the aforesaid time, helium disclosed that IPTO is presently successful the process of a 1-billion-share superior increase, expected to beryllium completed by June.
“The crushed is that we want to accelerate the implementation of each these large interconnection projects we person undertaken, including the Dodecanese and different distant islands,” helium said.
Ηe added that the enactment has already invested 4.5 cardinal euros implicit the past years and, done the superior increase, aims to scope total investments of 7 cardinal euros by 2034.
Despite geopolitical challenges, Margaris expressed optimism astir the aboriginal of the region’s large vigor projects, underlining that the Greece–Cyprus–Israel interconnection remains a task of strategic importance, to which IPTO remains afloat committed.
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