The Piraeus Port Authority (PPA), which manages the largest and busiest port in Greece, this week announced the first five shore power connection slots for ferry boats.
Another four slots at the nearby cruise ship terminal in Piraeus are also on the drawing board, part of the PPA’s promised efforts at “energy transition” and reducing carbon emissions.
The proposed ferry boats slots will reportedly be located in a portion of the commercial port already linked with the national grid, with the construction of necessary infrastructure eyed for early 2024.
Conversely, Greece’s Independent Power Transmission Operator S.A. (ADMIE) has still not achieved high-voltage power capacity at the slots proposed for cruise ships’ connection with the power grid.
Cosco-managed PPA has begun close cooperation with ADMIE, the national electricity distribution network operator (DEDDIE) and the independent power regulatory authority (RAE) to construct necessary high-voltage infrastructure throughout the port, with a portion of the ambitious project needing to be completed by 2030.
According to Cruise Lines International Association (CLIA), more than 210 cruise vessels are expected to feature shore power connection capability by 2028.
Latest News
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
Piraeus Bank to Propose First Dividend in 16 Years
Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year