Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Financing for the reconstruction of the submarine cable, including the Korcula–Lastovo link, was secured through a grant agreement under the National Recovery and Resilience Mechanism. A contract for non‑repayable funds for the project "Modernizacija hrvatske distribucijske elektroenergetske mreže" (NPOO.C1.2.R1-I1.02.0001) was concluded between the Ministry of Economy, the Environmental Protection and Energy Efficiency Fund as the implementing body, and HEP – Operator distribucijskog sustava d.o.o. as beneficiary, within a wider submarine cables project allocated HRK 201.25 million in NPOO co‑financing.