Capital Support Awarded

By mid-2021, IPTO reported that the fourth and final phase of the Cyclades electrical interconnection—which includes the Lavrio–Serifos 150 kV AC submarine and underground link as part of the wider Serifos–Milos–Folegandros–Thira scheme—had been included in Greece’s National Recovery and Resilience Plan "Greece 2.0" and would receive approximately EUR 170 million of co‑financing from the EU’s Recovery and Resilience Facility / NextGeneration EU, with the remainder of the roughly EUR 386 million phase‑wide investment funded from national and IPTO resources. Later financial reports reconfirm that the Cyclades interconnection fourth phase, including the Lavrio–Serifos and Serifos–Milos submarine cables, is co‑financed by the Recovery and Resilience Facility.