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Newsletter March 2013


Major Tourism Investment on Kea Island Gets Go-Ahead

Greece’s reformed investment framework is accelerating a wide variety of projects in Regional Greece.

A major tourist accommodation complex in Greece will be built on the island of Kea after a major investment proposal was recently given the green light by the special tourism investment service of the Greek National Tourism Organization (GNTO).

Greek Tourism Minister Olga Kefalogianni and Alternate Minister of Environment Stavros Kalafatis signed a joint ministerial decision in regards to a 30-million Euro investment proposal of Dolphin Capital Investments group.

This will be the group’s second investment in Greece under the Aman Resort Asia luxury resort brand. In March 2013, Dolphin’s Amanzoe resort on Porto Heli will begin operation.

The tourist accommodation complex on Kea will cover 64.5 hectares and have a capacity of 230 beds. It is said that 250 new jobs will be created during the construction phase. The resort will hire a corresponding number of employees when it begins to operate.

The investment includes plans for a five-star hotel with a capacity of 94 beds, furnished holiday homes of 136 beds, a 2,864 square meter thalassotherapy center designed to accommodate 100 guests and a center for diving tourism.

The investment on Kea is the first of a total of 11 investment proposals that have been submitted to the GNTO’s special tourism investment service. Other proposals involve the creation of tourism accommodation complexes at destinations such as Milos, Ios, Crete, Boeotia, Achaia and Chalkidiki.

January 24, 2013

Call for Tender—Solar Parks
PPC issued a call for tender for two solar parks with a total capacity of 15MW each, in Western Macedonia Lignite Centre, along with the Process Procurement and Construction Study (EPC Engineering, Procurement, Construction). The tender is for the design, supply, installation, commissioning, operation and financing of two photovoltaic plants in Ptolemais, Kozani, with a total capacity 30MW and a total budget of 39 million Euro. Award criterion will be the most economically advantageous tender. The deadline for submission of bids is  March 26, 2013.

Call for Tender— Ski, Tourist and Sport Facilities
Upgrade, Expansion and Operation of the 3-5 Pigadia Ski Resort and Development and Commercial Exploitation of Tourist and Sport Facilities in North Greece (Naoussa, Imathia)

The Municipality of Naoussa has published an International Public Tender for the “3-5 Pigadia” project. More information can be found following the link: or the Municipality’s notice in the Official Journal of the European Union (TED - Publications Office of the European Union)

Project Introduction:
The vision of the Municipality is to develop a state-of-the-art sport facility intended to attract professional and leisure athletes all year long.

The project includes the Upgrade, Expansion and Commercial Exploitation of the 3-5 Pigadia ski centre as well as the Development and Commercial Exploitation of Tourist and Athletic Facilities in the Dordopoli area in Naoussa, through a Public Private Partnership (PPP) for a period of approximately 40 years.

The development of the project will be based on three key components/pillars:
1. An exceptional ski centre (expansion of ski facilities, upgrade of services)
2. New, luxury high capacity accommodation facilities in the Dordopoli area
3. A high-standard sports training centre of for professional and amateur athletes in the Dordopoli area

The Project will be implemented through a Public Private Partnership under Greek PPP Law (Law 3389/2005). The tender will be concluded in two phases through a competitive process/dialogue:
Phase I: Pre-selection
Phase II: Competitive dialogue and submission of final bid

Important dates
Receipt of Documents of Tender Notice:
By April 2, 2013, 14:30 local time (GMT +2)

Deadline for Expressions of Interest
April 18, 2013, 12:00 local time (GMT +2)

Address: 30, Dimarchias Str, Naoussa, Greece, 592 00

For more information, please follow the link.

Greek Projects in NER300
The European Commission announced in December 2013 that it would finance 23 innovative renewable energy projects in countries of the European Union with € 1.2 billion under the NER300 program (a financing instrument for installations of innovative RES technology and CCS  [carbon capture storage]).

Greece, through the Ministry of Environment, Energy and Climate Change, made two successful proposals, which will be subsidized with 86.5 million Euro, accounting for 7% of the entire program.

The NER300 raised funds by selling rights to emissions of carbon dioxide. These funds will be distributed to innovative renewable energy projects.

The Greek projects are:
- CSP Minos: A solar thermal tower  technology project in southeastern Crete, 50MWe in size, by NUR-MOH SA. The project will substantially benefit the energy independence of Crete, with technology that uses solar energy to provide guaranteed electricity at a cost competitive to fossil fuels used today. The grant amounts to € 42,041,991.

- CSP Maximus: A Stirling type solar thermal technology project in Florina, which totals 75,3 MWe in size, by A.N. MAXIMUS SOLAR THERMAL LTD. This project will be the first and largest of its kind in the world, taking advantage of Dish Stirling technology. It consists of 37 sub-projects which will have a common point of connection to the network. The grant amounts to € 44,550,000.

New Tourism Project on Crete
Minoan City is an ambitious project of Minoan Enterprises, a company aiming to create the first theme park in Greece. The Minoan City theme park will be a complete reconstruction of a 3000 year-old Minoan town, with accurate historical and architectural characteristics and a representation of ancient daily life on the island of Crete.

Minoan Enterprises has been working on the project since 2010, acquiring land near the town of Rethymno. This location is of great importance, as the modern town of Rethymno is built exactly where ancient Rithymna once stood, a Minoan city in existence around the 5th century B.C, according to archeological evidence.

Minoan City will be the first historical park of its kind in the world. The Mediterranean climatic conditions will allow for the park to operate throughout the year, as temperatures average 25-35°C in the summer months and rarely drop below 15°C in the winter. The guest will experience the Minoan civilization, be able to see Minoans in everyday activities, and experience secret ancient rituals—up close—during interactive events, such as the recreation of the Bull Leaping Ceremony. At the same time, the Minoan City theme park will be a place that families will be able to relax and enjoy unique theme rides, buy handmade jewelry or ceramics in the market, and taste genuine Cretan cuisine—all with a view to the sea.

Minoan City promises to be a success for Greek tourism, potentially attracting as many as 1.3 million visitors during its first year of operation.

On 16- 25 August 2013, the Minoan civilization comes to life in the first presentation of the Minoan City project. Minoan Enterprises is presenting the Bull Leaping religious ceremony, a revival of the major sporting event of the Minoans. This promises to be an exciting preview to the Minoan City theme park, featuring direction and choreography by Apostolia Papadamaki (opening and closing ceremonies of the Athens 2004 Paralympic Games) and, for the first time in Greece, participation of the athletes active in the BBC1 film Atlantis: End of a World, Birth of a Legend.