10 years IPTO: The Operator's stand inaugurated at the 86th TIF

IPTO has confirmed its strategic participation in a project of major geopolitical importance such as the new international electrical interconnection among Greece, Cyprus and Israel, as the terms of the initial proposal submitted by the Operator for its investment participation with a percentage of 25% in the share capital of Euroasia Interconnector, the implementing body of the project, were accepted. This was also announced by the Chairman and CEO of IPTO, Mr. Manos Manousakis today in his greeting at the opening of the Operator’s pavilion at the 86th International Fair of Thessaloniki. As he said, “the Operator laid the foundations for an initial investment participation of 25% in an already mature project, having secured European funding, which will upgrade Greece’s position on the international energy map and place it at the centre of energy exchanges between Europe and the Middle East”. The relevant procedures have already been launched and the agreement is expected to be finalized shortly.

IPTO's stand in TIF, which this year is dedicated to the 10th anniversary since the establishment of the Operator, was inaugurated today by the General Secretary for Energy and Mineral Raw Materials, Mrs. Alexandra Sdoukou and the Chairman and CEO of IPTO, Mr. Manos Manousakis, in the presence of representatives from the central and the local government as well as institutional bodies. 

In the greeting she addressed during the inauguration of the stand, the General Secretary for Energy and Mineral Raw Materials, Mrs. Alexandra Sdoukou, said: “In its 10 years of operation, IPTO has developed and streamlined the National Electricity Transmission System, having created a new generation of state-of-the-art green energy infrastructures that contribute actively to the country’s energy transition. I would like to congratulate the management and employees of IPTO because they consistently fulfill the Operator’s institutional role and contribute to the achievement of the national energy and climate goals”.

Mr. Manos Manousakis, referring to the tenth anniversary of IPTO’s establishment, said: “This year we are celebrating the tenth birthday of the Operator. We are proud of what we have achieved over the years and, as a modern European Operator, we continue to support the country’s energy and digital transformation in practice. We remain committed to the implementation of our investment plan and to the continuous development of the country’s electricity system through critical domestic and international interconnection projects.”