ENERGY

In an interview, Mytilineos said that the framework in North America is very attractive and noted that in Europe the system is more bureaucratic and things move slower.

Theodoros Skylakakis, said that with the request of the additional 5.0 billion euros from the RRF, we are responding to the growing demand recorded for energy-saving investments.

Speaking in Brussels, Skrekas noted that Greek Prime Minister's proposal, tabled at last week's European Union summit, aims for an expanded European grid that would facilitate the transfer of electricity generated by renewable energy sources (RES) between the continent’s south and north.

The country's revised National Plan for Energy and Climate foresees a significant upscaling of the objectives both for the penetration of renewable sources and for the storage and saving of energy in relation to the existing plan.

The amount of the subsidy is January starts at 0.33 euros per KW hour for monthly consumption of up to 500 KW hours, irrespective of income, covering nine in 10 households and 87 pct of the hike in prices.

Those who were also beneficiaries last year will receive the allowance and will submit the relevant application on the online platform MyHeating, which will open in the next few days.

During the Berlin Process Summit, which will take place in the German chancellery Prime Minister Kyriakos Mitsotakis is expected to highlight Greece's leading role in the region of the Western Balkans.

Terna Energy unveiled plans leading up to 2029 to analysts as it presented its first half earnings. The company announced that by 2029 installed capacity will rise to 6.4GW. The total cost of the investment program is estimated at 5.9 billion euros.

Environment and Energy Minister also referred to the national energy strategy for accelerating the green transition, pointing out that Renewable Energy Sources now represent 40 pct of the country's energy mix and are expected to reach 60 pct in the next three years.

Subsidies will continue to cover all consumers and power connections, without income criteria, but from next month a three-tier system will be introduced, with higher subsidies for lower consumption levels and additional discounts to reward energy savings.