The banks invest to the development of the Greek Electricity System

A vote of confidence in IPTO and its investment program of 5 billion euros.

A vote of confidence in IPTO and the investment program of 5 billion euros that it implements.

An event was held in Athens on the occasion of the joint six-year bond loan signed by IPTO and the four creditor banks, National Bank, Piraeus Bank, Alpha Bank and Bank of China, on September 25, 2020 and issued on September 28, 2020.

The Banks support the development of the Greek Electricity System in practice, by issuing a syndicated loan of 400 million euros to IPTO.

At the ceremony held, in the presence of the Minister of Environment & Energy, Mr. Kostis Hatzidakis, the heads of the four Banks expressed their satisfaction for the financing of one of the most important investment programs currently underway in the country while emphasizing the need for partnership of banking institutions with the aim of financing the major development projects of the Greek economy

The President & CEO of IPTO Mr. Manos Manousakis stated: "The new syndicated loan of 400 million euros signed with the National Bank, Piraeus Bank, Alpha Bank and Bank of China is a strong vote of confidence in IPTO and the investment program of 5 billion euros that it implements in a ten years period.

The Independent Power Transmission operator is currently the largest energy investor in the country and we are very pleased that Greek and Chinese banks are supporting our development project. With this investment, IPTO ensures the necessary liquidity to accelerate its projects and at the same time improves its financial position for the benefit of all electricity consumers in Greece".