#Greece agree to link power grids code#

Meanwhile, for those applications submitted to the Operators prior to the publication of the new Law which are currently pending, interim provisions stipulate that the applicants are required to submit such GCB within 4 months from its publication. This means that contrary to the previous regime, the producers will directly apply for the issuance of a Final Grid Connection Offer (“FGCO”) by also submitting the required grid connection bond (“GCB”), whilst the Operators must respond to the above application by granting a FGCO or by rejecting the application within 2 months as of the date of completion of the application. The new law provides for the abolition of the provisional grid connection offer.

The most important changes introduced in this regard may be summarised as follows:Ībolition of the provisional grid connection offer The law introduces some key amendments affecting the 2nd Phase of the licensing process, in an effort to make it swifter and more efficient reducing its duration from 5 years to 14 months. The first area touched upon the Law is the reform of the RES licensing process.

Reform and acceleration of the RES licensing process.

The key areas covered by the Law are the following: The Law comes at a time of rich legislative activity in the energy climate and environmental front and aims to ensure Greece’s compliance with its National Plan for Energy and Climate, as well as with its National Recovery and Resilience Plan “Greece 2.0”, which would ultimately help release funding for energy-related investments. The signing of contracts for the development of terminal stations is anticipated in the first half of June.On 4 July 2022 and following a waiting period of almost two years, the Greek Government has enacted 4951/2022 (the “Law”) on the reform of the second-phase RES licensing process and the energy storage framework. Subsequently, overall project progress greatly relies on the swift issuance of licenses by local authorities.Īs the next step, the winning bidders of cable installation work are expected to sign project contracts in May. Large-scale projects such as the Crete-Athens grid link cover areas administrated by successions of local authorities. Officials at power grid operator IPTO, developing the project, have embraced the government decisions as they promise to prevent delays for this ambitious and challenging grid interconnection. However, in return, the Greek State must apply for temporary or final determination of compensation within one month. The latest move, offering expropriation rights, enables work to progress before compensation amounts have been determined and paid out to displaced property owners. Prior to this, early in April, government officials delivered the project’s environmental terms.

#Greece agree to link power grids code#

The government has taken key initiatives to facilitate progress of the Crete-Athens electricity grid interconnection project, vital for the island’s energy sufficiency following the compulsory withdrawal of high-polluting power stations.Ī decision was reached yesterday at a cabinet meeting headed by Prime Minister Kyriakos Mitsotakis to induct this project into a code making the expropriation of property compulsory.