By Harry Floudopoulos IPTO has been in conditions of financial and regulatory uncertainty for a long time, at a time when the electrical system is facing serious problems that require immediate treatment by the operator. Thus, at the same time that IPTO is called to accelerate the investment program of 5 billion by 2030, the […]
Tag: IPTO
The new Board of IPTO SA
The new Board of Directors of IPTO SA was formed on 03.06.2022 with a three-year term. Its new composition is as follows: Manousos Manousakis, Chairman of the Board and Chief Executive Officer Ioannis Margaris, Executive Vice President Chen Dong, Member of the Board and Deputy Chief Executive Officer Ioannis Karabelas, Board Member Wang Yuanhang, Board […]
Green Tank: record low for lignite in April
The production of electricity from lignite started at a historically low level in April, as it was limited to 176 gigawatt hours (GWh) while at four-year lows the production from fossil gas (827 GWh) started, recording the lowest price since April 2018. In contrast, renewable energy sources without the big hydroelectric plants remained at the […]
M. Manousakis (IPTO): For fast turnaround in RES storage and networks are necessary
The new electricity transmission projects and the rapid introduction of storage technologies in the energy system, highlighted as basic conditions of the green transition the President and CEO of IPTO Mr. Manos Manousakis, during his current placement in the 10th Athens Energy Dialogues. Mr. Manousakis referred to the significant acceleration of IPTO investments for new […]
Grid Telecom is developing a Fiber Optic Immersion Station in Crete
IPTO’s subsidiary, Grid Telecom, focused on upgrading the telecommunications services it provides to national and international providers, includes in its immediate planning the construction of a new Fiber Optic Cable Landing Station (CLS) on the south side of Crete. The new cable station will serve as a reception point for international submarine fiber optic cable […]
IPTO: Net profit at 20 million euros in 2021 – Proposal for an interim dividend of 0.068 euros per share
The Income of IPTO HOLDINGS SA for the period January-December 2021 reflect its participation by 51% in the profits of the IPTO SA Group. and amount to 35.4 million euros, recording a decrease of 18.3% compared to the same period in 2020. The Operating expenses during the period under review amounted to 601 thousand euros […]
The baton in the companies for the energy projects of the Eastern Mediterranean
Of Thanks to Floudopoulos The new tripartite meeting of Greece, Cyprus and Israel is taking place in Jerusalem today, with the participation of the energy ministers of the three countries, K. Skrekas (Greece), Karine Eharrar (Israel) and N. Peleidou (Cyprus). The interest with today’s meeting is focused on the fact that in addition to political […]
M. Manousakis (IPTO): New historical record of green energy on April 2
A new record of all times in the participation of green energy in the electricity system was set last Saturday, April 2, when the country’s total demand for electricity was covered by Renewable Sources at 68%. This fact was mentioned by the president and CEO of IPTO Manos Manousakis, during his post today at the […]
I. Margaris: ‘Jump’ 19.3 GW to the new RES connection requests in just 15 months
The necessary acceleration of the development projects of the Transmission System as well as the rapid pace of issuing Connection Offers for new RES units was mentioned by the Vice President of IPTO, Mr. Ioannis Margaris during his speech today at the “Power & Gas Forum” conference organized by the energy website .gr. Mr. Margaris […]
IPTO strengthens the durability of the Transmission System
IPTO refers to the strengthening of the Energy Transmission System by its announcement, mainly through the fixed asset renewal program, with a weighty planning for the next five years. More specifically, as IPTO notes: Expansion of the Assets Renewal Program 2021-2026 The worsening climate crisis has forced upgrading of durability standards critical infrastructure of the […]