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IPTO to Raise €1 Billion for Major Power Projects and Grid Enhancements

POWER GRIDS & TRANSMISSION

IPTO, the Greek power grid operator, is set to initiate a €1 billion capital increase to finance key projects, as confirmed by CEO Manousos Manousakis. The Greek government, holding a 51% stake, and China's State Grid, with 24%, will participate in the share sale.

Major projects include connecting islands in the Aegean Sea to the mainland, a €4.2 billion initiative, a €2 billion second interconnection with Italy, and a €1.9 billion cable linking Israel, Cyprus, and Greece. The funds will also enhance the mainland grid's physical and digital resilience.

IPTO to Raise €1 Billion for Major Power Projects and Grid Enhancements
Feb 7, 2026, 6:06 AM

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