Greece’s finalized new National Energy and Climate Plan, whose final touches are being added today at the energy ministry ahead of an inspection tomorrow by KYSOIP, the Government Council for Economic Policy, will feature slightly increased objectives for the hydropower and pumped storage sectors, sources have informed.
Certain revisions to the NECP’s details on geothermal production, other RES technologies, the decarbonization plan, and networks will also be made, the sources added.
The mass withdrawal, by 2023, of all existing lignite-fired power stations, exclusively operated by the power utility PPC, is a key feature of the new NECP.
So, too, is a decision to offer investors a solid minority stake in distribution network operator DEDDIE/HEDNO, a PPC subsidiary, instead of a majority stake, as was previously contemplated.
On the hydropower target revisions, the NECP will set an installed capacity target of 3.4 GW by 2020 and 3.7 GW by 2030.
Once past KYSOIP tomorrow, Greece’s new NECP will immediately be forwarded to the European Commission.
Energy savings, primarily concerning a reduction of the environmental impact of buildings and vehicles, will be crucial if the NECP’s ambitious RES targets are to be achieved.