Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
DELAYED +5mo (Apr 2026): Commercial operation at full power did not occur by 2026-01-01 and the project remains under construction. IPTO’s 2024 Annual Financial Report had indicated commercial operation in 2025, but an ADMIE Holding S.A. press release dated 29/04/2025 states that completion of the Kefalonia–Zakynthos sub‑project is expected in the first half of 2026. Given this update and onshore works starting in February 2026, COD is pushed to end‑Q2 2026. --- The upgraded 150 kV Kefalonia–Zakynthos interconnector, installed as part of IPTO’s turnkey project with Hellenic Cables/Fulgor to modernise the Ionian Islands’ submarine links, is planned to be fully completed and in operational service in 2026, replacing the existing ageing connection and enhancing energy reliability via approximately 38 km of new submarine and land cables shared with the Lefkada–Kefalonia leg.