The Chairman and CEO of ADMIE, Mr. Manos Manousakis, referred to the completion of ADMIE’s €1 billion share capital increase—a development directly linked to the acceleration of its investment program— in the latest episode of the podcast “Stin Priza.”
“The success of the share capital increase is essentially a ‘change of course’ for ADMIE. It serves as validation of the Operator’s progress over the years and reflects the overall progress of the Greek economy,” said Mr. Manousakis during his conversation with journalist Mr. Theodoros Panagoulis. He added that the company is now on the radar of international investment funds making strategic investments.
He pointed out that regarding the public offering of ADMIE Holdings for 262 million euros, bids submitted by investors reached 3.5 billion euros, of which 2.8 billion euros came from the international order book and the remainder from domestic investors. Due to the rapid penetration of renewable energy, he explained how the way markets now view grid operators has changed, as they have shifted from viewing them as “low-yield bonds” to anticipating “significant growth,” especially with regard to the further interconnectivity of European countries.
Referring to the interconnection projects that will be financed by the funds from the increase and which are at the core of the European Union’s energy policy, he noted that the interconnections for the Dodecanese and the islands of the northern Aegean will be completed within the next four years.
Regarding the Greece-Italy interconnection, the first seabed survey has begun, and the request for funding as a Project of Common and Mutual Interest is moving forward. As he noted, over the past nine years, ADMIE has secured significant European funding for the development of critical infrastructure, which was completed on time—a fact recognized by the EU as a historic success. He also referred to the European Investment Bank, which conducts due diligence on all projects, describing it as one of the Operator’s key partners.
According to the Chairman and CEO, ADMIE’s strategic vision—which aligns with the government’s energy policy—is to become a regional powerhouse in Southeast Europe, through projects that will strengthen the region’s energy security.
“ADMIE must become a regional player in the electricity transmission industry so that we can contribute to the advancement of Greece, its economy, and its geopolitical position,” he concluded.