Fid Financial Close

For Greek TSO-operated island interconnection projects, there is no separate Final Investment Decision in the commercial sense. The Greek state, through the Ministry of Environment and Energy and the National Recovery and Resilience Plan (Greece 2.0), commits public and EU funding for construction. IPTO/ADMIE, as the regulated transmission system operator, is obligated to develop the interconnection once environmental terms are approved, the project is included in the national development plan, and financing is secured. The EIA approval on 7 June 2021 by the Greek Ministry of Environment and Energy, combined with subsequent inclusion in the RRF and EIB financing, effectively constitutes the investment decision. This event is recorded as fid_financial_close because the planning consent and funding approval together serve the same function as a commercial FID.