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 agreement with Greek TSO IPTO to co‑finance the fourth stage of the Cyclades interconnection, which includes the submarine and underground 150 kV links and new GIS substations connecting Santorini, Folegandros, Milos and Serifos to the mainland grid, including the Serifos–Milos segment. This development‑bank debt financing supports construction of about 350 km of cables for the Western and Southern Cyclades islands’ integration into the Hellenic Transmission System.