Market communication : Announcement about IT-GR HVDC FAULT

Dear Market Participants,

JAO informs all stakeholders on behalf of TSOs Terna and ADMIE of the following:

CAPACITY AVAILABILITY AT GREECE-ITALY INTERCONNECTION

With reference to the notice published on October 9th 2017 on JAO website about the unavailability of the link between Italy and Greece, TERNA and ADMIE inform market participants that the fault affecting the link is located in the undersea part of the cable.

Due to the location of the fault, it is necessary to involve in the restoration activities a special cable repair ship.

Restoration activities are expected to be completed not before the half of December 2017. Currently our best estimate is to be able to put the cable back into service around the 20th of December 2017.

TERNA and ADMIE will timely inform, through their web sites, market participants about any update on the expected duration of the restoration activities.

The monthly capacity for November and December 2017 on the Italy-Greece interconnection will not be allocated in any of the two directions.

During the outage period, no daily auctions will be performed, the NTC between Greece and Italy will be set to zero (0) and the Joint Auction Office (JAO) will curtail the long-term capacities already allocated, according to the Auction Rules provisions.

Best Regards,

Operations Team