Greece: Support from the Development Bank for energy suppliers, SEE Energy News
Liquidity support by a future Development Bank that will operate as a guarantee fund will offer help to electricity and gas supply companies, pressured by dire financial situation as a result of coronavirus outbreak. The Ministry of Development and Investment intends to soon establish this new bank using EU National Strategic Reference Framework (NSRF) funds. Greek Energy Minister Kostis Hatzidakis said that talks on the establishment of a guarantee mechanism, for electricity companies, providing working capital, are already ongoing.
The plan was also discussed at a meeting between Development and Investment Minister Adonis Georgiadis, CEOs of Greek banks and the Secretary-General of the Hellenic Bank Association. The Bank Association is now expected to submit its observations on the plan’s draft law. According to the plan, Greek state guarantees will cover 80 % of each loan granted, while banks will cover the remaining 20 %.
- September 23, 2022 Slovenia, Country maps locations for the construction of large-scale solar power plants
- September 23, 2022 Serbia, EPS recorded a net loss in the amount of some 420 million euros in H1 2022
- September 23, 2022 Serbia, EnC withdrawn Reasoned Request against country after transposition of electricity connection codes