The government this week confirmed media reports that Greece’s Independent Power Transmission Operator (IPTO or ADMIE), the grid operator in the country, will announce a share capital increase in the coming period.

Deputy PM Kostis Hatzidakis, speaking during a press conference on Tuesday to announce policy directions for 2026, made the announcement, without however, giving more details.

Nevertheless, according to OT.gr, the most likely scenario involves a share capital increase without the participation of a new strategic investor, essentially without a change in the utility’s shareholders’ composition and a need to drain capital from a major third-party investor.

The same sources quoted by OT.gr said they expected the process for the share capital increase to begin at the end of January.

Capital sought from existing shareholders is expected to be around one billion euros and will be used to finance part of ADMIE’s investment plan, which amounts to six billion euros by 2030, and is expected to increase to 7.5 billion euros in 2034.

However, the entire process is expected to take around 12 months, according to sources. Additionally, the timing, which will coincide with general elections, may be the reason why, sources added, that the ND government is reportedly opting for a share capital increase without seeking a new investor.