IPTO has completed its 1.0-billion-euro share capital increase, a move directly linked to accelerating its investment programme, Chairman and Chief Executive Officer Manos Manousakis said.
“The success of the share capital increase essentially represents a ‘step change’ for IPTO. It validates the progress made by the Operator over the years and reflects the overall advancement of the Greek economy,” Manousakis underlined.
He stressed that the company is now firmly on the radar of internationally significant investment funds pursuing strategic investments.
Referring to ADMIE Holding’s 262 million euros public offering, he noted that investor demand reached nearly 3.5 billion euros, of which 2.8 billion euros originated from the international order book, with the remainder coming from domestic investors. He explained that the rapid growth of renewable energy sources has transformed the way markets view transmission system operators. Whereas they were once regarded as “low-yield bond-like assets”, investors now see substantial growth prospects, particularly in relation to the further interconnection of European countries.
Interconnection projects
Regarding the interconnection projects that will be financed through the capital increase and which form part of the core of the European Union’s energy policy, Manousakis stated that the interconnections of the Dodecanese islands and the North Aegean islands are expected to be completed within the next four years. As regards the Greece-Italy interconnection, the initial seabed survey has already commenced and preparations for its funding application as a Project of Common and Mutual Interest are progressing. He also highlighted that, over the past nine years, IPTO has secured substantial European funding for the development of critical infrastructure projects, all of which were delivered on schedule, establishing a proven track record recognised by the European Union. He also referred to the European Investment Bank, which conducts due diligence on all projects, describing it as one of the Operator’s most important partners.
IPTO must become a regional player in the electricity transmission industry
According to the Chairman and Chief Executive Officer, IPTO’s strategic vision, aligned with the government’s energy policy, is to establish itself as a regional powerhouse in South-Eastern Europe through projects that will strengthen the region’s energy security.
“IPTO must become a regional player in the electricity transmission industry so that we can contribute to enhancing Greece’s standing, its economy and its geopolitical position,” he concluded.
Για να εμφανίζονται περισσότερα άρθρα της Ναυτεμπορικής στις αναζητήσεις σας εύκολα και γρήγορα, πρέπει να προσθέσετε το site στις προτιμώμενες πηγές σας. Μπορείτε να το κάνετε πηγαίνοντας εδώ.
