Cyclades Interconnection Phase D : Milos - Folegandros
16 December 2022
Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 16 December 2022, the European Investment Bank signed a €157 million own-resources loan with Greece’s Independent Power Transmission Operator (IPTO) to co-finance the fourth phase of the Cyclades interconnection, which links Santorini, Folegandros, Milos and Serifos to the mainland grid, including the 150 kV AC submarine and land cable section between Milos and Folegandros and the associated GIS substations.