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Greece’s IPTO Seeks Pay for Delays to €1.9 Billion Subsea Cable

Summary by Bloomberg
Greek grid operator IPTO SA is seeking compensation for delays to getting licenses for seabed surveys that are needed to complete what’s set to be one of the world’s largest power links.

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IPTO: Requests the Recovery of 250 Million Euros From the Crete - Cyprus - Israel Cable

Plans to build a cable connecting Cyprus and Israel to mainland Europe have been suspended, Bloomberg reports.

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Financial PostFinancial Post
Lean Right

Greece's IPTO Seeks Pay for Delays to €1.9 Billion Subsea Cable

(Bloomberg) — Greek grid operator IPTO SA is seeking compensation for delays to getting licenses for seabed surveys that are needed to complete what’s set to be one of the world’s largest power links.

·Canada
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BloombergBloomberg
Lean Left

Greece’s IPTO Seeks Pay for Delays to €1.9 Billion Subsea Cable

Greek grid operator IPTO SA is seeking compensation for delays to getting licenses for seabed surveys that are needed to complete what’s set to be one of the world’s largest power links.

·United States
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Kathimerini English EditionKathimerini English Edition

ADMIE seeks compensation over delays to €1.9 billion power link project

Greece’s power grid operator ADMIE is seeking compensation from Greek and Cypriot regulators over delays in receiving permits for crucial seabed surveys required to complete the €1.9 billion ($2.12 billion) Great Sea Interconnector (GSI), Bloomberg reported on Friday.

·Athens, Greece
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Bloomberg broke the news in United States on Friday, June 13, 2025.
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