Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 26 January 2026, the European Investment Bank (EIB) executed the third and final tranche signature of its EUR 490 million loan agreement with the Independent Power Transmission Operator (IPTO) for the North East Aegean Interconnection programme, which includes the Phase A Thrace-Limnos 150 kV AC submarine link. The final tranche signed was EUR 202 million. It followed the EUR 50 million first tranche signed on 17 December 2025 and the EUR 238 million second tranche signed on 23 December 2025. With this signature the cumulative signed amount reached the full EUR 490 million EIB facility, complementing the EIB Board approval recorded on 12 December 2025. The financing supports the 150 kV AC cable interconnectors and gas-insulated substations connecting Lemnos, Lesvos, Chios, Samos and Skyros to Greece's mainland transmission grid via Nea Santa in Thrace and Aliveri on Evia, with a southern link to the Dodecanese grid via Mastichari on Kos.