Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 5 February 2024, the special purpose company Saudi Greek Interconnection S.A. was formally established as a 50/50 joint venture between Greece’s Independent Power Transmission Operator (IPTO) and Saudi Arabia’s National Grid Company. The SPV was created to conduct the feasibility study for the planned HVDC electricity interconnection between Greece and Saudi Arabia, under a strategic energy cooperation framework overseen by the two countries’ energy ministries.