Electricity

EUR 1 billion Crete-Attica interconnection draws bids from major cable construction players

Photo: Ariadne Interconnection

Published

August 7, 2019

Country

Comments

0

Share

Published:

August 7, 2019

Country:

Comments:

0

Share

Major companies in the cable construction sector have filed binding bids for lots of a EUR 1 billion project to build the Crete-Attica electricity grid interconnection, whose construction is seen as urgent to avert electricity shortages on Greece’s largest island.

Ariadne Interconnection, a special purpose vehicle of Greece’s Independent Power Transmission Operator (IPTO or ADMIE) set up to implement the Crete-Attica interconnection project, has announced the bidders.

Binding offers for different lots of the submarine and underground cable parts and the installation of optical fibers have been filed by Italy’s Prysmian Group; France’s Nexans; Denmark’s NKT in cooperation with Fulgor, a member of Cablel Hellenic Cables Group; and Elletra, a member of France’s Orange.

According to Ariadne Interconnection and IPTO Chairman Manos Manousakis, the contracts for the EUR 1 billion project should be signed by the end of the year.

The project includes two submarine HVDC cables, approximately 328 kilometers long, with a rated power of 1000 MW in bipolar operation

The project includes two submarine HVDC cables, approximately 328 kilometers long, with a rated power of 1000 MW in bipolar operation (2 x 500 MW), from the Megara beach (Attica) to the Korakia beach (Crete), according to Ariadne Interconnection’s website. Its completion is envisaged in 2022.

Crete-Attica
Photo: Ariadne Interconnection

EuroAsia Interconnector, heading a wider EU Project of Common Interest (PCI)-status project to link the Greek, Cypriot, and Israeli grids, is at odds with IPTO for control of the Crete-Athens segment’s development, Energypress wrote.

EuroAsia Interconnector took fresh legal action last week against IPTO and Greek energy regulator RAE

EuroAsia Interconnector took fresh legal action last week against IPTO and Greek energy regulator RAE, the portal wrote.

The Crete-Athens electricity grid interconnection is urgently needed to prevent a looming energy shortage on the island, Greece’s largest. Outdated diesel-fueled power stations operating on the island need to be withdrawn to meet EU environmental regulations, the portal recalled.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Monsson-merge-wind-farm-PV-unit-Romania-hybrid-power-plant-storage

Monsson to merge its wind farm, PV unit in Romania into hybrid power plant with storage

20 February 2024 - Monsson Group is developing a hybrid wind-solar-storage project with the largest battery energy storage system in Romania

kozloduy hyndai nuclear unit

Hyundai shortlisted for installing new nuclear units in Kozloduy

20 February 2024 - Bulgaria has called on potential contractors to express interest in the construction of a new nuclear power plant with AP1000 technology

GGF UniCredit Bank Serbia EUR 50 million renewables loan

GGF deepens cooperation with UniCredit Bank Serbia with EUR 50 million renewables loan

20 February 2024 - UniCredit Bank Serbia obtained a EUR 50 million loan from GGF for utility-scale renewables projects, strengthening its ties with the fund

EU approves EUR 6 9 billion state aid for hydrogen infrastructure

EU approves EUR 6.9 billion in state aid for hydrogen infrastructure

19 February 2024 - Strategic hydrogen project IPCEI Hy2Infra, which seven EU member states developed jointly, got a green light from the European Commission