The strong growth prospects of the Independent Power Transmission Operator (IPTO) after the 1.0-billion-euro share capital increase were outlined at a joint press conference by IPTO Chairman and CEO Manos Manousakis and IPTO Holdings Chairman and CEO Ioannis Karampelas.
The press conference was held on the occasion of the public offering launched on June 16 and scheduled to conclude on June 18 for the share capital increase of listed company IPTO Holdings. The company aims to raise 530 million euros, of which 271 million euros has already been committed by the Greek state.
Strong interest from international investment funds in the capital increase has been underscored by the participation of Capital World Investors as a cornerstone investor in the international offering.
Strategic Plan
Manousakis outlined the transmission operator’s strategic roadmap for the coming years, which includes major interconnection projects in the Dodecanese and the islands of the North Aegean, as well as the second Greece–Italy electricity interconnection, GRITA 2.
He stressed that the projects completed and planned by IPTO are transforming Greece’s electricity system and strengthening the country’s position on the regional energy map. He also noted that the operator’s track record has enhanced its international standing, increasing its visibility among global capital markets and supporting its evolution from a national transmission operator into a regional player in critical energy infrastructure.
Karampelas focused on the significant value creation generated through the development of new electricity infrastructure for the shareholders of the listed company. As he explained, the planned doubling of the regulated asset base by 2029 underpins the prospect of higher shareholder returns, while dividend distributions over the same period are expected to remain at around 100% of distributable earnings.
“The share capital increase, which is due to be completed shortly, is a catalyst for accelerating our investment programme. The participation of the Greek state has been successfully completed through the utilisation of funds from the Recovery and Resilience Facility, with the ongoing public offering representing the final step. It is particularly important that, in such a demanding process, IPTO has received a strong vote of confidence from both the Greek government and the European Union, while also enjoying the support of institutional investors. This constitutes a multifaceted recognition of the operator’s pivotal role in both the national energy strategy and its growth potential,” Manousakis added.
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