The need for a realistic energy strategy, based on demand and export capabilities shaped by new interconnections, was underscored by Manos Manousakis, President and CEO of IPTO (Independent Power Transmission Operator), speaking at the 7th Renewable & Storage Forum.
Manousakis noted that the Operator’s medium-term planning is guided by the expansion of electrical space and future demand, both in the domestic market and through international interconnections. At the same time, he stressed that the key requirement remains the balance between energy supply and demand.
Excess Demand for RES Connection – 33 GW in Connection Terms
Referring to Renewable Energy Sources (RES) projects, he stated that projects that have connection terms reach 33 GW, while total applications amount to 50 GW. “A realistic approach is required for the next steps of green penetration,” he noted.
IPTO, he said, has submitted proposals for flexible connection terms, while investments in energy storage systems will contribute to system stability and the reduction of generation curtailments.
Regulatory Adjustments and System Stability
Regarding Aggregation Bodies, he mentioned that there is a convergence of views on additional technical measures that will enhance grid stability. However, he stressed the need to accelerate regulatory and legislative changes.
He also acknowledged that the development of electrical grids encounters reactions from local communities, underlining the need for information, dialogue, and social consensus. “The green transition presupposes grids,” he stated characteristically.
Great Sea Interconnector – Positive Steps, but Pending Issues
Regarding the Greece–Cyprus–Israel electrical interconnection project (Great Sea Interconnector), Manousakis stressed Greece’s commitment to the continuation of the project, citing two positive developments:
The commitment of the Cypriot side to promote the concession agreement to IPTO’s subsidiary, which will ensure the coverage of operating costs and open the way for the participation of the Republic of Cyprus in the share scheme.
The positive stance of CERA (Cyprus Energy Regulatory Authority) for the approval of the foreseen revenue, reducing the regulatory risk of the project.
However, the decision on tariffs remains pending in order to release the first €25 million, as provided for in the Greece–Cyprus interstate agreement.
The head of IPTO estimated that the increased involvement of the European Commission in the negotiations will have a positive and constructive role, as the EU has committed the largest amount of capital in its history for a cross-border energy project.
