With the new DPA 2023-2032, with a total budget of 4 billion euros, IPTO continues its investment program, which has a forward-looking plan, as more than half of the funds will be invested by 2026.
In the ten-year planning 2023-2032 of IPTO, the interconnection of Greece - Egypt is mentioned for the first time. The planned new interconnection Greece - Italy is in the phase of elaboration of feasibility studies, while the tender for the interconnection Greece - Bulgaria is in full swing and is expected to be completed in January 2022. The budget for the Greek part of the project is close to 10 million The project has a horizon of construction completion in the second half of 2022. IPTO has also initiated the procedures for the study of a new Greek-Albanian interconnection and at this stage a working group is being set up for this purpose together with the System Administrator. of Albania.
In addition, the modernization of the Transmission System is accelerated by the introduction of state-of-the-art technological equipment in critical electrical infrastructure of the country, through the upgrade of the existing Fixed Assets Renewal Program, whose budget is expanded from 80 million euros to 200 million euros.
New projects in Crete
New development projects of the Transmission System in Crete are also foreseen with the installation of a new AC Chopper system and the cable connection of the new Chania II substation and the closure of the Kastelli-Chania loop, with the construction of a new 150 kV substation in Kantanos and two new Transmission Lines. 150 kV Kastelli-Kantanos and Chania-Kantanos.
Critical infrastructures are being renewed in Northern and Western Greece with new projects for the replacement of obsolete equipment in substations and High Voltage Centers in Northern and Western Greece, and new upgrade projects in KYT Melitis, Amynteou, Agios Dimitrios and Arachthos, Pefryos, Oryhdos the safest handling of the production of RES units. At the same time, a new project for the replacement of obsolete cables is being launched in areas of Thessaloniki, with cable lines of modern technology.
The emblematic project of the Crete-Attica interconnection, implemented by the IPTO subsidiary Ariadne Interconnection, is progressing rapidly, with a horizon of completion in 2024. The project, with a total budget exceeding 1 billion euros, will connect West Attica with the Crete with electrical cables 340 km long, ultra-high voltage 500 kV and a total power of 1,000 MW. While at the starting line is the fourth and last phase of the interconnection of the Cyclades, with which Santorini, Folegandros, Milos and Serifos to be connected to the mainland with cables with a total length of 350 km.
Final line
By the end of the decade, IPTO will connect the Dodecanese and the islands of the Northeast Aegean, as part of a new investment cycle, with a total budget of 2.35 billion euros. While, already in the summer of 2022, the interconnection of Skiathos with the mainland system, through Evia, is completed within the framework of an investment of 57 million euros.
Finally, IPTO's investment program for the Ionian Islands envisages projects amounting to approximately 100 million euros by 2025, with the aim of securing them safely from the Land System. The planned projects include the replacement of the cable connection Kyllini-Zakynthos, the upgrade of the interconnection Lefkada-Kefalonia as well as a new interconnection between Igoumenitsa and Corfu.
