Of Thanks to Floudopoulos The production of electricity from lignite has shown a significant increase in recent days, as a result of the special conditions that have been created in the electrical system. According to the IPTO system administrator, lignite production has more than doubled and now accounts for more than 20% of the total […]
Tag: IPTO
IPTO: RAE errors in determining the critical parameters for the calculation of the WACC
Following what RAE President Athanasios Dagoumas said during yesterday’s press conference regarding RAE’s forthcoming decision to set the WACC, IPTO states in a statement that it finds that mistakes have been made in setting the critical parameters for WACC calculation. “Mistakes that”, as it is emphasized, “we are sure are not intentional”, and gives clarifications. […]
IPTO: We respect the role of RAE – Explains why the highest WACC is necessary
Following what RAE President Athanasios Dagoumas said during yesterday’s press conference regarding RAE’s forthcoming decision to set the WACC, IPTO states in a statement that it finds that mistakes have been made in setting the critical parameters for WACC calculation. “Mistakes that”, as it is emphasized, “we are sure are not intentional”, and gives clarifications. […]
Dagoumas (RAE): Data in the Competition Commission for a dominant position in electricity
By Harry Floudopoulos The Energy Regulatory Authority has submitted data on the purchase of electricity to the Competition Commission with the question of the possible abuse of a dominant position, as revealed today by the president of the independent authority Th. Dagoumas. According to Mr. Dagoumas, RAE is in close cooperation with the Competition Commission […]
IPTO asks RAE to increase its revenues – Warns of adverse effects
IPTO is requesting a review of RAE’s decision setting the rate of return on its funds, warning otherwise of adverse effects on the electricity system. The tug-of-war between the two entities directly concerns consumers as on the one hand IPTO revenues (the amount of which is administratively determined by RAE) are covered by system usage […]
Cost-benefit studies for the Greek-Egyptian electricity interconnection begin
The financing of the initial cost-benefit studies for the new electricity interconnection Greece-Egypt by the newly established financial mechanism REPowerEU of the European Union, was agreed at a working meeting yesterday in Cairo, the President and CEO of the Independent Transmission Operator. Manos Manousakis and the President and CEO of the Egyptian Electricity Transmission Company […]
IPTO – Telecom Egypt agreement for new telecommunication interconnection Greece – Egypt
The Independent Electricity Transmission Operator (IPTO), a subsidiary of the Grid Telecom Group and Telecom Egypt, Egypt’s leading telecommunications company, signed an agreement yesterday in Cairo for a new Greek-Egyptian interconnection Southeastern Mediterranean, with a point of sunset in Crete. The agreement was signed at a meeting held at the headquarters of Telecom Egypt in […]
V. Kikilias: 884% increase in tourist arrivals
With the positive news from the data of the Bank of Greece for the month of April that show 884% increase in the arrivals of travelers from abroad and 1000% increase in the relevant receipts, in comparison with April 2021, the Regional Tourism Council started, which took place today under the Minister of Tourism Vassilis […]
IPTO: Revenue increase to € 70 million in the quarter – Interim 0.068 per share
IPTO showed resilience to operating profitability in the first quarter of the year despite the decline in net profits, with the Group’s revenues increasing to 70.3 million euros. In particular, as IPTO announced for the first quarter: – Total Revenues amounted to 70.3 million euros, recording an increase of 3.5% compared to the first quarter […]
IPTO: General Assembly on July 6 for dividend distribution and own share purchase program
The distribution of dividends and the program for the purchase of own shares are invited to approve, among others, the regular General Meeting of IPTO Holdings that will take place on July 6, 2022, Wednesday at 11.00 am. In particular, the shareholders of the listed company are invited to discuss and make decisions on the […]