
The worsening of the climate crisis has forced the upgrading of the standards of durability of critical infrastructures of the country’s electricity system, according to a statement issued by IPTO, due to extreme weather events.
As emphasized in the relevant announcement, in this context, the Administrator has placed the strengthening of the security and the resilience of the National Transmission System at the center of the medium-term planning strategy.
Particularly:
• At the end of 2020, IPTO proceeded with a significant upgrade of the rolling Asset Renewal Program, which it prepared and implemented for the first time in 2018.
• The Administrator increased the initial budget of the Program from 80 million euros to 200 million euros and formulated an expanded and forward-looking Asset Renewal Program, which provides for the replacement of 60% of the existing components of the System, with a horizon of 2026.
• Each piece of equipment over the age of 24 is included in the rolling 6-year renewal cycles.
Forward-looking design
Indicative of the forward-looking nature of the Fixed Assets Renewal Program 2021-2026 is that the most critical equipment of the System will have been completely renewed by the end of 2023, while almost all 400 kV switches (69 out of 74) will have been replaced by 2024.
In absolute numbers, with the completion of the Program in 2026, over 1,300 components of main equipment in the High and Ultra High Voltage electrical system will have been replaced by state-of-the-art technology equipment.
Acceleration of projects in 2021
From 2021, the first year of implementation of the expanded Fixed Assets Renewal Program, IPTO significantly accelerated the pace of completion of critical electrical equipment renewal projects.
It is characteristic that only last year, the Administrator replaced or completely renovated 74 pieces of equipment, while the corresponding projects completed during the three years 2018-2020 were 76.
At this rate, it is estimated that the Program can be completed before 2026, depending on the possibilities of the coming years.
Modernization of the Transmission System throughout the country
IPTO ensures the modernization of electrical infrastructure throughout the geographical area of the interconnected System.
With the completion of the current Fixed Renewal Program 2021-2026, the Administrator will have completed 268 equipment replacements in Northern Greece, 327 in Central Greece and western Macedonia, 438 in Central Greece and the Cyclades, 322 in western Greece and the Peloponnese.
At the same time, in the same vein, it is launching important technological upgrade projects of the System of Crete, which have been integrated in the new Ten-Year Development Plan 2023-2032.


Latest News

Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.

Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.

Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”

Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region