The investment plan for the construction of the second electricity interconnection between Greece and Italy is maturing through actions by the electricity transmission managers of the two countries IPTO and Terna.
In fact, in order to better coordinate the actions of the companies, the two managing directors Manos Manousakis and Stefano Donnarumma met last Monday in Rome, and confirmed the results of the studies carried out for the project by the competent Management Development Directorates.
According to information, Mr. Manousakis and Mr. Donnarumma expressed their desire to implement the second underwater electricity interconnection between the two countries with a length of 200 km and a capacity of 500 – 1,000 MW. Sources want IPTO and Terna to agree on the joint investment for the project and for this purpose they are preparing the establishment of a consortium that will implement it.
The second interface is necessary
The project is considered necessary for the electricity transmission systems of Greece and Italy, both in the context of strengthening security of supply and in achieving European targets for the reduction of gaseous pollutant emissions through electricity. The second interconnection will allow the development of more RES projects, while at the same time it will offer conditions for greater liquidity in the electricity stock markets, especially in Athens, which started operating last November.
Greece and Italy have been interconnected since 2002 with a 500 MW submarine cable manufactured by Terna. Another difference between the new project and the existing infrastructure is that it will be developed with a joint investment of the two Managers.
Regulators and funding
The relevant decisions of the Regulatory Authorities of the two countries are required for the establishment of the scheme and the search for funding. According to information, Mr. Manousakis and Mr. Donnarumma, in order for the project to receive “flesh and blood” and on a commercial level, will coordinate their steps in order to notify the plans of the two Administrators to the Regulators with the request that the cable be included in their Regulated Assets. companies. In this way, the cost-benefit study that the Regulators will carry out will make it possible for the Administrators to seek sources of funding for the project.
Investment programs
So far IPTO and Terna have included the project in the development programs of the transmission systems of Greece and Italy. In fact, the management of Terna presented its investment plan for 2021 last week, having planned the execution of this project. According to the announcement of the Italian Administrator, his plan is to invest 750 million euros for a cable with a capacity of 500 MW and a length of 200 km.
IPTO has also planned the second electrical interconnection in the ten-year development plan 2022-2031 which is for approval at RAE.
As for the start time of the construction works, initial estimates point to 2024.
They also want information from IPTO that has requested the increase of the cable capacity close to 1,000 MW, a request which Terna is open to discuss. The Greek Administrator, according to information, is seeking greater capacity in the context of the planning it is doing to strengthen the high voltage system in Northwestern Greece and the interconnection with Albania.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
