Euroasia legal action ‘will not delay’ Crete interconnection

Legal action allegedly taken by Euroasia Interconnector against RAE, Greece’s Regulatory Authority for Energy, for its decision to grant the power grid operator IPTO control of the development of the Crete-Athens electricity grid interconnection will not affect the project’s progress, energy minister Giorgos Stathakis has told reporters when asked to comment.

Euroasia Interconnector, a consortium of Cypriot interests, heads a wider PCI-status Greek-Cypriot-Israeli electricity grid interconnection project. IPTO has taken control of the project’s Crete-Athens segment and established an SPV subsidiary, Ariadne Interconnector, for its development.

Euroasia Interconnector has apparently filed a case against RAE at a Greek court and also submitted an official complaint to the European Commission for infringement of PCI regulations, according to reports. This latter move could pave the way for a  European Court hearing.

RAE has not been informed of any legal action taken by Euroasia Interconnector, officials at the regulatory authority contended.