INVEST IN GREEK ENERGY Buyer

INVEST IN GREEK ENERGY
EXECUTIVE PLAN LTD
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INVEST IN GREEK ENERGY

The establishment of a single energy market in the member states of the EU, based on open and competitive markets presents a great challenge for Greece, since it will have a major effect on both industrial and consumer markets.

On February 19, 2001, thirty-four per cent of the Greek electricity market was liberalised. The liberalisation affected 6,500 consumers who use middle and high tension electricity. These customers now have the option to obtain their electricity from producers other than Public Power Corporation (PPC) . It is estimated that competition will start first from electricity imports and in the longer term from new plants which are now being planned.

As a result of the anticipated increase in electricity demand it is estimated that from 2004 onward a new unit of 450 MW must be added annually to the system for the next 10 years. The large anticipated demand for electricity is expected to lead to serious competition and to encourage the construction of new units (thermoelectric, cogeneration and renewables) .

The basic goal of the EU is to achieve an open, single, and wide market in this sector in the broader domain through further facilitation of inter-state electricity and natural gas arrangements. The purpose of this goal is to reinforce the security of the European Union energy supplies in the short, medium and long terms.

For investments in the production of electricity or co-generation of electricity and heat by the exploitation of renewable energy sources (excl. biomass) the following incentives are applicable for all zones including A:
Cash Grant 40%
Loan interest rate subsidy 40%
Leasing subsidy 40%
OR
Loan interest rate subsidy 40%
Tax allowance 100%

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Category :	Business Assistance & Development
Related Searches :	greek , greeks , invest , investment
Country Of Origin :	Greece
Listing Type :	Buy
Contact :	ZOE PAPAREPA
Address :	ETHNIKIS ANTISTASIS 15 LAMIA, FTHIOTIDA, 35100 Greece
Telephone :	[30] (22310) 66468
Fax :	[30] (22310) 67758