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Summary sheet

Release date
7 July 2025
Status
Reference
Under appraisal | 06/05/2025
20250177
Project name
Promoter - financial intermediary
IPTO DODECANESE INTERCONNECTION
INDEPENDENT POWER TRANSMISSION OPERATOR SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 1900 million
EUR 2548 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project concerns the interconnection of the islands of Kos, Rhodes and Karpathos with the Hellenic Electricity Transmission System. In detail, it covers one overhead transmission line (Corinth), two converter stations (Corinth and Kos), two High Voltage Direct Current submarine cables (Corinth to Kos), one Dedicated Metallic Return submarine cable (Corinth to Kos), two fibre optic submarine cables (Kos to Naxos, and Kos to Syros), two Gas Insulated Switchgear substations (Kos and Karpathos), one Static Compensator (Rhodes), four power and eight fibre optic submarine cables (Kos to Rhodes, and Rhodes to Karpathos), and works in or expansion of three existing Gas Insulated Switchgear substations (Rhodes and Corinth).

The aim is to contribute to the energy and climate policy objectives of the European Union and Greece. The project is expected to eliminate the electrical isolation of the concerned islands, ensure a more efficient, reliable and clean electricity supply in comparison to the status quo (local diesel or high-fuel oil power stations), improve security of supply, increase the hosting capacity for connection of Renewable Energy Sources in the region, and contribute to the further economic development of the concerned islands, particularly through tourism.

Environmental aspects
Procurement

The overhead transmission line in Corinth falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU). The combined environmental impact assessment for the overhead transmission line in Corinth, the two converter stations (Corinth and Kos), and the two submarine cables (Corinth to Kos) has been submitted to the Ministry of Environment and Energy for approval. The rest of the schemes fall under Category B of Law 4014/2011 and require Standard Environmental Commitments. The submarine cable between Rhodes and Karpathos requires a special ecological assessment in line with Law 4014/2011. All environmental permitting is expected to be obtained during appraisal. The impacts that can be typically expected relate to visual impact, vegetation clearance, collision and electrocution of flying vertebrates, electromagnetic fields, noise nuisance, and disturbances during construction, as well as the possible impacts on protected fauna and flora.

The Promoter shall ensure that contracts for implementation of the project have been or will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Impact Assessment (ESIA) - IPTO DODECANESE INTERCONNECTION - Μελέτη Περιβαλλοντικών Επιπτώσεων
Publication Date
15 Oct 2025
Document language
Main Topic
Lending
Document Number
253180374
Document Focus
Environmental Information
Project Number
20250177
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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