Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In September 2022, Croatian transmission operator HOPS signed a financing contract under the National Recovery and Resilience Plan (NPOO) with EU NextGenerationEU funds, securing non‑refundable support for its multi‑asset project "Revitalizacija, izgradnja, digitalizacija i modernizacija hrvatske prijenosne elektroenergetske mreže". Within this, a key activity—replacement of 110 kV submarine cables linking the islands of Krk, Cres, Lošinj, Brač, Hvar and Korčula, including the Krk–Cres (Mali Bok–Merag) cable—was allocated a project budget of EUR 59.5 million to enhance long‑term security of electricity supply and support green energy integration on the islands.