Electricity

Greece launches international tender for Crete power link project

Greece launches international tender for Crete power link project

Photo: Pixabay

Published

April 17, 2018

Country

Comments

comments icon

0

Share

Published:

April 17, 2018

Country:

Comments:

comments icon

0

Share

Greece’s power grid operator ADMIE has launched an international open tender for a project linking the island of Crete to the mainland grid via undersea cables. The power link is expected to be finalized by 2020.

Giorgos Stathakis, the energy minister, announced that this tender, via an e-auction, will be awarded to the “most economically advantageous offer, based solely on the lowest price,” Greek media reports.

Stathakis said the project would help significantly reduce electricity costs, improve island’s ecological imprint and lead to EUR 215 million in annual savings.

The link from the largest Greek island to the Peloponnese is expected to be completed by 2020. Its budget is EUR 324 million, the ministry said.

The plan is to connect Crete also to Athens in a later phase.

Linking Crete to the Peloponnese peninsula is part of a 10-year-long and EUR 2 billion worth project aiming to connect some of Greece’s islands to the mainland.

Currently, the power production on Crete is provided by three oil-fired plants. All of them must be shut down to comply with a European Union directive.

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

North Macedonia draft law envisages renewable energy auctions for CfDs

North Macedonia’s draft law envisages renewable energy auctions for CfDs

14 August 2025 - North Macedonia's draft Law on the Use of Energy from Renewable Sources covers auctions, CfDs, prosumers and renewable energy communities

serbia russia nuclear energy Alexander Botsan-Kharchenko dubravka djedovic

Đedović Handanović discusses Serbia’s nuclear power plan with Russian ambassador

14 August 2025 - Minister of Mining and Energy Dubravka Đedović Handanović met with the Ambassador of the Russian Federation Alexander Botsan-Kharchenko

Floating solar farm ready to be merged with North Sea offshore wind park

Floating solar farm ready to be merged with North Sea offshore wind park

14 August 2025 - Oceans of Energy has assembled its floating PV plant Nymphaea Aurora in three days, to integrate it into a giant offshore wind park

Romania completes second round renewable energy auctions third wind quota unallocated

Romania completes second round of renewable energy auctions – third of wind quota unallocated

13 August 2025 - Romania completed its second round of renewable energy auctions. More than one third of the wind power quota wasn't allocated and prices rose.