Vote of confidence in the management of IPTO

Of Thanks to Floudopoulos

The term of office of the president and managing director of IPTO, Manos Manousakis, expires next June and as everything shows, the issue of renewal should be considered locked.

According to information, the government has given the green light to remain at the helm of the company for another 3 years the head of the manager, whose term in the company is considered successful.

It is worth noting that the term may expire in six months from today, however, the government has already initiated the procedures, provided, having proceeded to the necessary official disclosure to the Chinese of State Grid, who hold 24% and have agreed shareholders “reason” in the choice of management.

The course of the company in the last 4.5 years definitely counts in favor of Mr. Manousakis. Some of the milestones of Manousaki’s tenure in the company so far are the significant increase of investments from 83.6 million euros in 2012 to 453 million euros in 2020, the completion of major projects such as the three phases of the Cyclades interconnection, the interconnection Crete Peloponnese, the start of the process for the project of interconnection of Crete Attica, as well as dozens of other large, medium and smaller projects.

Important steps have also been taken for the process of digital transformation of IPTO, while the company has been activated in telecommunications by vehicle Grid Telecom.

Finally, the company has designed and is proceeding with large interconnection projects until 2030, including the new interconnection of Greece-Bulgaria, the electrical interconnection of Naxos Santorini, the interconnection of Crete Attica, KYT Koumoundourou, the 4th phase of the Cyclades, the electrical interconnection of the islands of the NE Aegean.

Despite the positive report of the previous period, however, they want information from the Chinese side, for their own reasons that are not related to the performance of the company and the management, to raise objections and have asked not to renew the term.

The attitude of the Chinese, according to many, is attributed to the fact that no specific suggestions related to tenders, assignments and contracts were heard.

In fact, if what is on the market is true, then the Chinese proposals – requirements were rather “unusual” for the European data and the transparency procedures that are strictly followed in the European public tenders.

In this sense, it is easy to explain the fact that the government is said, according to verified information, to insist on the renewal of Manousaki’s term.

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Source From: Capital

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