From the completion of large island interconnections to participation in major iconic international projects, IPTO enters a new phase of development with presence in strategic interconnection projects in the Eastern Mediterranean. The mark of the next day was given yesterday by the IPTO and IPTO Holdings administrations as part of an interview Press for the share capital increase of the €530 million introduced tomorrow, Thursday 18 June. The participation of Capital World Investors, an investment arm of Capital Group, as a cornerstone investor, also gives significant impetus to the publication. The company has committed, under certain conditions, to participate in the international bid up to 70m euros, which corresponds to about 4% of the IPTO's share capital. The Administrator's management described an organization that seals a historical cycle of investments in the domestic electricity transmission system and gradually evolves into a regional energy player, with presence in major interconnection projects and increasing impact on international capital markets.
"The IPTO has now become an adult," said the manager's president and CEO, Manos Manousakis, noting that during the recent roadshows in London and contacts with foreign investment funds it was found that the Greek Administrator is now on radar large institutional investors, who are closely monitoring developments in the energy network sector. This increased mobility is also linked to European priorities for the development of electricity networks, as a new investment package is being prepared in Brussels that could mobilise investments of up to EUR 1 trillion in electricity transmission and distribution networks.
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