Nearly half of the projects on ‘Juncker’ list concern energy

Nearly half – twenty of forty-two – of the projects proposed by the Greek government for induction into the so-called “Juncker Package”, or European Fund for Strategic Investments (EFSI), worth a total of 5.6 billion euros, concern the energy sector.

The list of proposed projects was presented in Greek Parliament yesterday by the Economy, Development and Tourism Minister Giorgos Stathakis, who was responding to questions from MPs of opposition parties.

The twenty energy-related projects included on the list are worth a total of 2.17 billion euros.

The energy projects list is comprised of hybrid (solar-wind) stations; small hydropower stations; utilization of geothermal energy; an LNG terminal in Alexandroupoli, northeastern Greece, which has already been classified as an EU Project of Commom Interest (PCI), facilitating EU funding; development of distribution networks in northern and mainland Greece; development of 190 small wind-energy facilities belonging to 120 investors; and a submarine interconnection of Crete with the Peloponnese.

Also, an additional five projects, concerning infrastructure and transportation, are budgeted at 1.4 billion euros. A further five energy projects are IT related and worth 920 million euros, while four projects linked to research and development and budgeted at 594 million euros are also included.

Stathakis noted that the list includes projects that purely concern the private sector as well as others to involve public-sector participation.