Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
For Phase A of the Cyclades Interconnection, which connected Syros and Paros to the mainland grid and, via Paros, enabled mainland power supply to Naxos, Koufonissi, Schinoussa and other islands, IPTO secured a financing package including €102 million of European Union and NSRF grants within a total project budget of €247 million, complemented by a loan from the European Investment Bank, with the non‑grant portion entering the operator’s regulated asset base.