The Greek Minister of Development and Investments met with the investor Panos Xenokostas.

The need to accelerate the beggining of the Project was even more needed due to the fact that the Project was jointly financed by the Recovery and Resilience Fund.

More than 200 projects with a total budget of c.€5B have been announced

The project comprises pavement maintenance and restoration amongst other works

AVAX SA was declared as project's contractor.

The project that will integrate Milos and Serifos into the continental Electricity Transmission System is part of the fourth and final phase of the Cyclades’ interconnection.

The transaction includes the transfer of a 20.53% stake in GEFYRA SA and 21.55% in GEFYRA Operation SA.

Green hydrogen is made from water by electrolysis using renewable wind and solar power.