Greece’s Independent Power Transmission Operator (IPTO) is planning to invest 4.3 billion euros before 2030 to better connect the islands’ electricity system with the mainland one while, at the same time, boosting green energy.
In total, 5,000 new kilometres of electrical connections will be added to the existing Transmission System, most of which will be underwater.
“Such interconnections of our islands are a positive message for the environment, as our islands will be free from the chimneys of the power plants,” commented the Minister of Environment and Energy, Kostis Hatzidakis. “At the same time, it will be a positive message for consumers across Greece, as they will be largely exempt from the hundreds of millions of euros they pay each year for public utilities.”
According to the Ministry, these projects will also help the country’s economy in a delicate and difficult moment such the current one, consequently the coronavirus’ outbreak.
Also, the Deputy Minister of Environment and Energy, Gerasimos Thomas, welcomed IPTO’s announcement as a further step toward the achievement of the European Green Deal.