Euroasia takes Crete grid link case to supreme court

Euroasia Interconnector, a consortium of Cypriot interests heading a PCI-status grid interconnection to link the Greek, Cypriot and Israeli systems, has escalated its legal action against Greek power grid operator IPTO amid their dispute for control of the Greek segment’s development, planned to link Crete with Athens.

Euroasia has stepped up its legal action by filing a case to the Council of State, Greece’s Supreme Administrative Court, following a rejection by AEPP, the Authority for the Examination of Preliminary Appeals, reliable sources have informed energypress.

The Cypriot consortium is seeking to have an AEPP verdict overturned, which would disrupt related project tenders currently being held by Ariadne Interconnector, an IPTO subsidiary.

The case is scheduled to be heard on September 5, the sources noted, adding Greek authorities are in the process of making their legal preparations.

The recently appointed Greek energy minister Costis Hatzidakis has already made clear his intentions to not alter the project’s ongoing procedures, while also indicating a willingness for greater cooperation with the Cypriot side.



Crete grid link project tenders headed for new extension

Bidding deadlines for two tenders concerning the respective procurement of cables and transformers for the Crete-Athens grid interconnection, a project that is urgently needed to prevent a looming energy shortage on Crete, are headed for an extension.

Ariadne Interconnector, an SPV subsidiary established by power grid operator IPTO for the project’s development, will need to extend its bidding deadlines for the two tenders as AEPP, the Authority for the Examination of Preliminary Appeals, looking into action taken by Eurosia Interconnector, a consortium of Cypriot interests heading the wider PCI-status Greek-Cypriot-Israeli grid interconnection, has deferred its hearing for July 22 from July 15.

Euroasia Interconnector has been at odds with IPTO for development control of the wider project’s Crete-Athens segment.

The deadlines for the tenders now coincide with AEPP’s new date for the hearing. The deadline for the tender concerning the procurement of cables was previously set for July 8 before being extended to July 22. The tender for transformers was originally set for July 22.

Both tenders cannot proceed until AEPP has reached a decision on the dispute between IPTO and Eurosia Interconnector.

IPTO and RAE, the Regulatory Authority for Energy, have already submitted their cases for the AEPP hearing.

According to pundits, Eurosia Interconnector’s chances of a decision in its favor are minimal, at best.

The Cypriot consortium’s decision to take its case to AEPP has been interpreted as a time-buying initiative taken with the hope of gaining the support of the newly elected Greek government.

While in opposition, the New Democracy party, which won last Sunday’s Greek elections, had not made clear whether it supported moves by IPTO, RAE and the ex-energy minister Giorgos Stathakis that ended up giving the Ariadne Interconnector subsidiary control of the Crete-Athens segment.


Elections, EuroAsia case to delay Crete link tender approval

Greece’s upcoming elections on July 7 and legal action pursued by EuroAsia Interconnector stand in the way of a decision by RAE, the Regulatory Authority for Energy, to approve the terms of a competition offering investors a minority stake of up to 39 percent in Ariadne Interconnection, a subsidiary established by power grid operator IPTO for the development of a grid interconnection project to link Crete with Athens.

The RAE decision was expected any day now, but these two factors will delay the announcement for a latter date, sources at IPTO have informed.

Euroasia Interconnector, a consortium of Cypriot interests heading a wider PCI-status Greek-Cypriot-Israeli electricity grid connection, has reacted as IPTO has taken control of the project’s Crete-Athens segment.

The consortium has submitted a case to Greece’s Authority for the Examination of Preliminary Appeals (AEPP) challenging tenders for the Crete-Athens link’s tenders concerning the project’s development (cables and transformers, budgeted at 600 million and 315 million euros, respectively).

AEPP has set a July 15 date to hear the Cypriot consortium’s case. EuroAsia Interconnector’s bid is not expected to succeed, legal officials explained, as this authority’s jurisdiction deals with companies protesting  tender terms that could exclude them from participating. Even so, the case needs to be heard and will contribute to the delay in RAE’s approval.

The Athens-Crete grid interconnection is urgently needed as electricity demand on the island is increasing while high-polluting units operating on Crete will soon need to be withdrawn as part of the EU’s environmental policy.

IPTO has committed itself to delivering the Athens-Crete link by the end of 2022.