Northern Aegean Interconnection Phase B : Lesvos - Chios
12 December 2025
Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The European Investment Bank approved EUR 490 million of loan financing for IPTO’s North East Aegean Interconnection project, which includes the 150 kV AC Lesvos–Chios submarine/underground link as part of the wider scheme connecting Lemnos, Lesvos, Chios, Samos and Skyros to the Greek mainland and Kos grids. The development bank funding supports the replacement of local oil-fired generation, integration of additional renewables and improved security of supply on the islands.