Opens in a new tab

Breaking news

Greece Engages European Commission For Strategic Energy Infrastructure Investment

Greece is in advanced discussions with the European Commission to secure funding support for Admie. The initiative forms part of the country’s broader recovery strategy and focuses on strengthening electricity transmission infrastructure.

Strategic Capital Increase Initiative

According to Newmoney, the talks center on enabling state participation in a planned €1 billion share capital increase for Admie. The proposal includes reallocating additional resources from the Recovery and Resilience Facility beyond previously approved measures, in order to support the state’s contribution.

Long-Term Development Programme

The funding is linked to a ten-year development programme covering the period from 2025 to 2034. Approved by the national energy regulator, the plan includes investments in electricity transmission, digital systems, and cross-border interconnections. These projects are intended to support modernization of the country’s energy network.

Enhancing European Energy Security

A positive outcome from the European Commission would signal support for Greece’s use of recovery funds and highlight the role of its infrastructure in regional energy systems. Cross-border interconnections remain a central element, aligning with broader EU initiatives aimed at strengthening energy security across member states. These initiatives have been promoted at the European level, including by Ursula von der Leyen.

Modeling EU Recovery Fund Utilization

If approved, the measure is expected to rank among the largest examples of energy infrastructure financing in Greece supported by EU recovery funds. A core objective of the initiative is to accelerate Admie’s investment programme over the next decade, using available balances from the Recovery and Resilience Facility to cover a significant share of the estimated €510 million state contribution.

This funding structure also illustrates how recovery resources can be directed toward long-term infrastructure projects, particularly in areas such as grid development, cross-border connectivity, and energy system stability across Europe.

Limassol Port Electrification Awaits Grid Connection And EU Funding

Plans to equip Limassol port with shore-side electricity are advancing at the technical level, but unresolved administrative procedures, a pending grid connection and the need to secure European funding continue to delay implementation.

The proposed shore-power system, also known as cold ironing, would allow vessels to connect to electricity while berthed, reducing reliance on onboard engines and cutting emissions and noise in the surrounding area.

Technical Studies Near Completion

Transport Minister Evi Tsolaki said work is progressing through the EU-backed DecarbonLim programme, which is preparing the technical assessment and feasibility study required before construction can begin. The ministry is seeking regular updates from the Cyprus Ports Authority on the studies’ completion timetable.

The initiative also involves Frederick University, Eurogate Container Terminal Limassol, DP World Limassol, the Electricity Authority of Cyprus, the Cyprus Transmission System Operator and Limassol Municipality.

Grid Connection Remains A Key Hurdle

Despite progress on the studies, construction cannot proceed until the project secures a connection to the national transmission network.

Tsolaki said the ministry has requested land from the Department of Lands and Surveys for an electricity substation. Once the site is allocated, the relevant applications can be submitted to the Cyprus Transmission System Operator to advance the grid-connection process.

Until these steps are completed, the project will remain in the preparatory phase, even if the technical studies are finalised.

European Funding Adds Urgency

The feasibility work under DecarbonLim will support an application for construction financing, Tsolaki said. A competitive European funding call is currently open, and the ministry intends to submit an application within the required timeframe.

The funding window has raised concerns in parliament. MP Fotini Tsiridou warned that further delays could undermine Cyprus’ chances of securing EU support, noting that similar port electrification projects elsewhere in the bloc have already received funding.

Speaking to Entrepreneurial Limassol, published by the Limassol Chamber of Commerce and Industry, Tsiridou said she had observed some progress but had yet to receive a formal response to her parliamentary question.

Environmental And Commercial Benefits

Tsiridou argued that shore-side electricity would deliver benefits beyond emissions reductions, including less noise and air pollution for residents near the port.

“Our port should not be disconnected from the rest of the city,” she said, describing shore-power infrastructure as both a necessity and a European obligation.

Across Europe, port electrification is increasingly linked to environmental performance and competitiveness. By allowing compatible vessels to switch off auxiliary engines while docked, shore-power systems can reduce local emissions and noise while supporting wider decarbonisation goals.

Construction Timetable Still Unclear

The Cyprus Ports Authority signed a contract with DBA S.p.A. in July 2025 for a comprehensive study of the system’s technical, economic and environmental requirements. The work was intended to establish the basis for installation and identify any necessary port infrastructure upgrades.

More than a year later, key steps concerning land allocation, grid connection and financing remain unresolved. No timetable has been announced for completing these procedures or submitting the final funding application.

Limassol’s shore-power project therefore remains between planning and implementation. Its next milestones are securing the substation site, progressing the transmission-network application and obtaining construction financing. Until these are in place, the port’s transition to shore-side electricity cannot move into the construction phase.

Aretilaw firm
The Future Forbes Realty Global Properties
Uol
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter