IPTO and Eurobank to finance Crete-Attica grid with €400 million

“Ariadne Interconnection”, a subsidiary of IPTO S.A. (Independent Power Transmission Operator) and Eurobank on Wednesday announced the signing of a loan agreement up to 400 million euros to finance the project of “Crete-Attica electrical interconnection” with a total budget of 1 billion euros, ANA reports.

The Crete-Attica Interconnection is the biggest energy project under construction and the second largest overall and it will contribute significantly in the process for economic recovery with a special positive sign for the economy of Crete, one of the most important economic regions in Greece.

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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: ISS Expedition 28

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