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IPTO
The tender for the cable projects of the Dodecanese and NE Aegean interconnections proceeds
The IPTO-announced tender for the conclusion of the framework agreement for the submarine cable projects for the alternating current interconnections of the Dodecanese and the islands in the north-eastern Aegean Sea is now moving forward.
One bid in the second phase of the tender for the sale of 20% of Ariadne Interconnection
On July 26, 2024, the second phase of the tender for the sale of 20% of the 20% stake in IPTO's subsidiary, "Ariadni Interconnection SAES,"  the operator of the Attica-CCrete electricity interconnection, was completed.
Ariadne Interconnection tender continues with one bidder
Ariadne Interconnection SA is a special purpose company that is implementing the Crete-Attica interconnection in a joint venture with Phaethon Monopersonal Holding Company. According to reports, Meridiam Europe IV A SAS, which had replaced Macquarie Super Core Infrastructure Fund a few months ago, is out of tender for 20% of the company.
Cooperation between Grid Telecom - Dawiyat Integrated for telecommunication connection with Saudi Arabia
Grid Telecom, a division and telecommunications services provider of IPTO, and Dawiyat Integrated, a telecommunications subsidiary of Saudi Electricity Company (SEC), have signed a Memorandum of Understanding for the construction of a new fiber optic cable system that will connect Greece to Saudi Arabia.
Tender €42 million for the interconnection between Igoumenitsa and Corfu
To improve the island's electrical infrastructure, Independent Power Transmission Operator is holding a tender for the construction of the new Igoumenitsa-Corfu High Voltage Transmission Line, which consists of a mixed subterranean and underground cable line along with related works.
Extension of the second phase for the allocation of 20% of Ariadne Interconnection
The deadline for submitting the financial offers of the schemes is the end of July in the second phase of the tender for the allocation of 20% of the special purpose company "Ariadne Interconnection SA."
Great Sea Interconnector under threat
The project will be discontinued if the Cyprus Energy Regulatory Authority's ruling regarding the Great Sea Interconnector—which would connect electricity to Greece—is not overturned, IPTO Chairman and CEO Manos Manousakis stated.
At least 5 new electrical corridors needed for an EU backbone network
During his speech at the ENTSO-E General Assembly in Athens, Manos Manousakis, President and CEO of IPTO, stressed the necessity for Europe's operators to work together on the design of horizontal and vertical electricity transmission corridors at the pan-European level.
109.8 million in revenues in the first quarter - 25.1% increase in net profit
The first quarter of 2024 saw notable growth for IPTO Group, according to the results released today.
Memorandum of Understanding with Meridiam for the Great Sea Interconnector
Meridiam and the Independent Power Transmission Operator (IPTO) have signed a Memorandum of Understanding (MoU).
How the Greece-Cyprus-Israel interconnection is progressing
According to IPTO officials, significant work is being done to implement the Greece-Cyprus-Israel electricity interconnection, which will end Cyprus's energy isolation permanently.