RAE’s Crete-Athens link initiative lawful, IPTO contends

A recent decision by RAE, Greece’s Regulatory Authority for Energy, to award  Greek power grid operator IPTO and its SPV Ariadne Interconnector development control of Crete’s major-scale electricity grid interconnection with Athens does not breach the terms of the wider Euroasia Interconnector, a PCI-status project planned to link the Greek, Cypriot and Israeli power grids via Crete, as the initiative puts to action a road map agreed to between the Greece’s regulatory authority and its Cypriot counterpart, IPTO have contended in comments to energypress.

IPTO and Cyprus’s Euroasia Interconnector consortium have been locked in a dispute for control of the wider project’s Crete-Athens link.

RAE needed to move ahead with its decision as a project delay in the Crete-Athens link, which threatens to create electricity shortages on Crete as of 2020, was confirmed by ACER, Europe’s Agency for the Cooperation of Energy Regulators, the IPTO officials added.

The European Commission’s division for Projects of Common Interest has summoned officials representing all parties involved in the dispute to a Brussels meeting today.