Investments made by power grid operator IPTO in the first nine-month period of 2021, for the development of crucial grid projects, including island grid interconnections, as well as upgrades of existing facilities, reached 241.8 million euros, exceeding, by more than 100 million euros, amounts spent during equivalent periods in any of the years prior to the operator’s split from power grid operator PPC in June, 2017, through an ownership unbundling procedure.

Since 2018, IPTO’s investments in grid projects have reached 1.12 billion euros, more than double the amount tallied in the preceding four-year period between 2013 and 2016, when a total of 489 million euros was invested.

The operator’s investment strategy has focused on accelerating grid interconnection projects serving Aegean Sea islands, thereby ending their energy isolation while also reducing the environmental and financial impact of local high-polluting and costly generators used on non-interconnected islands.