Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 5 February 2026, the European Investment Bank and IPTO signed a financing agreement for the Dodecanese interconnection, formalising an initial €600 million loan as part of a broader €1.9 billion package to fund the Corinth–Kos HVDC cables, converter stations and associated island links, thereby securing long‑tenor debt financing to eliminate the electrical isolation of Kos, Rhodes and Karpathos.