Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 27 September 2023, Greece’s Independent Power Transmission Operator (IPTO) and Saudi Arabia’s National Grid S.A. signed a Shareholders’ Agreement in Athens to establish the special purpose company Saudi Greek Interconnection S.A. This agreement set out the future 50/50 ownership structure and marked the first concrete step toward maturing the planned Greece–Saudi Arabia HVDC electricity interconnector by creating the vehicle that will undertake feasibility and related studies.