Electricity

Final deals inked for Crete’s power link to mainland

interconnection

Photo: Pixabay

Published

November 11, 2019

Country

Comments

0

Share

Published:

November 11, 2019

Country:

Comments:

0

Share

A EUR 365 million undersea electric cable between Greece’s largest island and the southeastern tip of the Peloponnese peninsula is set to come online next year.

Independent Power Transmission Operator SA said the accompanying contracts for the interconnection between Crete and the mainland were signed on October 25 with Intrakat and Elektromek-Nari. The entity, which also goes by as ADMIE and IPTO, revealed the deals are worth EUR 4.5 million and EUR 5.5 million, respectively, and that they cover the construction of the Molaoi-Termatiko line and the Statcom station. In total, the two facilities are worth EUR 5.65 million and EUR 9 million, respectively.

The country’s transmission system operator (TSO) noted the agreements for the main sections of the interconnection were signed a year ago and that their implementation is underway. The government and the European Union are cofinancing the project and the European Investment Bank (EIB) provided funding.

The island’s first power link with the rest of Greece is part of the national energy plan, which foresees shutting down all power plants fueled by lignite by 2028. The EU member state aims to significantly increase the share of energy from renewable sources.

The alternating current cable is laid at depths of as much as one thousand meters. At 132 kilometres, it would be the longest in the world.

Manos Manousakis, chairman of the board and chief executive, highlighted the many years of studies and efforts leading to the realisation of the endeavour. He said the electric interconnection would strengthen the island in energy terms and ensure supply for the winter months. “With the completion of the second interconnection, Crete-Attica, the energy isolation of Crete will be completely ended and the conditions for the exploitation of the island’s renewable energy potential will be set,” ADMIE’s boss added.

The other grid system, called Ariadne, is worth EUR 1 billion. It will have two 328-kilometre high voltage direct current (HVDC) cables under the Sea of Crete and the Myrtoan Sea.

Tags:

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

desulphurization so2 TENT B grcic mihajlovic vujovic

SO2 emissions from Nikola Tesla B coal plant to be reduced 20 times by 2024

02 December 2020 - One of the ten largest SO2 emitters among power plants in Europe starts the construcution of a flue gas desulphurization facility.

bih wind farms vlasic grebak

BiH to add 116 MW with two wind farms – Grebak, Vlašić

30 November 2020 - Preparations for the construction of the first wind farm in the Republic of Srpska are over, and talks on financing the Vlašić wind farm are starting.

esm belene lng alexandroupolis

ESM halts investment in Belene project, turns to gas power plant near Alexandroupolis LNG terminal

27 November 2020 - Elektrani na Severna Makedonija estimates the 800 MW gas project would be finished earlier than the Belene nuclear power plant.

professors serbia message decarbonization coal

Belgrade University professors warn politicians failure to phase out coal will be more costly than any decarbonization measures

25 November 2020 - It will be more expensive for the country to did nothing to reduce CO2 emissions, than to implement decarbonization measures.