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one or more photovoltaic parks. “Project Helios”
shall be responsible for their licensing, and pur-
suant to inter-governmental agreements shall
have the right to sign contracts with strategic
investors for the implementation of such projects.
The producer companies are established follow-
ing a decision by the Board of Directors of
“Helios”, and the approval by the Minister. They
are excluded from the public sector, as well as
from the provisions governing state corporations
and organizations.
“Project Helios” shall take all necessary steps for
the licensing and operation of the producer-com-
panies' power stations, acting as their proxy, and
submitting any application required for the real-
ization of the projects, accompanied by the nec-
essary supporting documents. The photovoltaic
systems' generation, installation and operation
licenses, as well as any other administrative
license required for the implementation of the
projects, shall be issued in the name of the rele-
vant producer-company.
The issuance of all necessary licenses (genera-
tion licenses, planning permits etc.) shall be given
priority by the competent state agencies. In the
former case, licenses shall be issued within 10
days, while in the latter case issuance times shall
be reduced to half.
Investment in electricity
Greece's electricity market can attract invest-
ments of 45 to 80 billion euros by 2050.
These are the targets of the national energy
plan prepared by a team of MEECC experts
and presented by the Minister, George
Papaconstantinou.
These targets even include 100% renewable
electricity supply, leading to a 60%-70% reduction
in Greenhouse gas emissions, as stressed by Mr.
Papaconstantinou in regard to “Greece's 2050
Green Energy Roadmap”. The roadmap has been
prepared on the basis of three scenarios.
According to these scenarios the future image of
the energy system can be summarized in the fol-
lowing 10 points:
1. Reduction of greenhouse gas emissions by
60%-70% by 2050 (on 2005 levels)
2. 85%-100% of electricity generation from RES,
through the utilization of all commercially
mature technologies
3. Total renewable penetration at 60%-70% of
gross final energy consumption by 2050
4. Stabilization of total energy consumption due
to energy-saving measures
5. Relative increase of electric power consump-
Trade with Greece
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