Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Financing for Phase A of the Cyclades Interconnection, under which Naxos and Koufonissi are supplied from the mainland via Paros and Naxos, was structured as a €247 million investment co‑funded by the European Union and the NSRF and supported by a loan from the European Investment Bank. Of this budget, €102 million was provided as grants, while approximately €145 million is expected to enter IPTO’s Regulated Asset Base, reflecting the capitalised portion of the project costs.