IPTO assumes electrical grid implementation connection between Greece, Cyprus and Israel

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IPTO assumes electrical grid implementation connection between Greece, Cyprus and IsraelThe project, visualized by EuroAsia Interconnector since 2011 and funded by 658 million euros from the EU

The Independent Power Transmission Operator SA (IPTO) will assume the implementation and promotion of the project connecting the electricity grids of Greece, Cyprus, and Israel, following an agreement with EuroAsia Interconnector on Friday, ANA reports.

The two firms jointly announced the agreement to the European Commission and all related governments and agencies in Greece, Cyprus, and Israel, IPTO said in a statement.

IPTO has been contributing to the project as a technical consultant since 2021, and provides highly-specialized staff and long-standing experience with technical know-how in technically complex projects, it said, citing as an example the Attica Region link with Crete, expected to be completed in 2024. Both EuroAsia Interconnector and IPTO will work closely to help the transition to the new agency within the tight timeline of the governments and the EU, it added.

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