Capital Support Awarded

IPTO announced that the project to interconnect Folegandros, Milos and Serifos with Santorini and Lavrio—forming the southwestern part of Cyclades Phase D, including the Milos–Folegandros and Folegandros–Santorini 150 kV AC submarine links—has been included for co‑financing of EUR 103.5 million from the Recovery and Resilience Fund. This EU‑backed grant support contributes to the project’s total budget of EUR 345 million and helps fund the design, supply and installation of the underground and subsea high‑voltage cables needed to integrate these islands into the mainland Electricity Transmission System.