‘Diode’ of project transport from Recovery fund to NSRF The government is preparing so as not to lose resources and close the issues until the end of the program in August 2026.
The integration of flood protection in the NSRF should be considered a given. In a radio interview, Nikos Papathanassis assured that not a single euro would be lost as those who do not prevent the recovery fund will be transferred to other financial tools, leaving open the possibility of RES energy storage projects.
The “technical” key to bypass is the sharing of large stages. What can be completed until 31.8.2026 remains in the recovery fund, while the next phases (or complementary subprojects) will be implemented with national resources and mainly with cohesion funds, that is, through the NSRF programs 2021 – 2027 which continue to pay by 2030. Visit of the institutions to Athens, with the aim of avoiding funding gap after the recovery fund.
The two parallel reviews
In practice, Athens and Brussels are now carrying out two parallel processes, the latest revision of “Greece 2.0” and the current NSRF. Let us remind you that sources in Brussels make it clear that the horizon of the recovery fund does not change, with a deadline in August 2026 without extension, and any delay increases the risk of remaining out -of -the -day recovery and NSRF projects due to a double funding ban. In this scenario the coverage is necessarily transferred to the RIP, with obvious fiscal consequences.
However, based on the current distribution of the NSRF, the net space for new projects or transport from the Recovery Fund does not exceed 300 million, so each integration involves redesign and dismissment or passing on other interventions in the next programming period. At the same time, the Commission is making new priorities for Re-Programming such as affordable roof, defense infrastructure and Step technologies that can “absorb” and delayed digital works of the recovery fund.
On the energy front, storage has already seen results in the recovery fund (Bess Contests and Related actions) and the government is broadening the framework for ripening and licensing. If the individual phases of these investments do not fit into the strict time of the recovery fund, the road described by the Commission allows them to continue with cohesion resources through themes of the NSRF, so that ripe pieces can be rescued without risking disbursements.
What about loans
At the same time, the issue of the loans of the recovery fund is running. Because the rate of contracting is lagging behind applications, Plan B is reportedly examined by the transfer of inappropriate loan resources to the Hellenic Development Bank to continue funding, especially for SMEs, even if the time of the recovery fund is exhausted. This direction is critical to exploit the leverage tool that has filled the investment gap in the last three years.