Ministry continuing talks with Brussels for green PPAs

Energy ministry officials are intensifying talks with the European Commission for its approval of a support mechanism concerning green PPAs to be established between industrial producers and RES producers through green pools.

The energy ministry recently responded to an initial set of questions forwarded by Brussels and is expected to stage a teleconference with European Commission official within the next week or two for further clarification of issues concerning the green PPAs.

According to sources, the initiative’s main objective is not to bolster the industrial sector but to help transform industrial players into greener players and also facilitate the entry of new RES units into the country’s energy mix.

Officials are striving to announce the green pool plan this coming summer.