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

0

Share

Published:

April 17, 2018

Country:

Comments:

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

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets

NASA-fission-nuclear-moon

NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks

EU Alliance for Zero Emission Aviationhydrogen electrification

EU’s Alliance for Zero Emission Aviation to work on hydrogen, electrification

27 June 2022 - The EU said the Alliance for Zero Emission Aviation would accelerate the development of electric and hydrogen-powered aircraft