Greece launches international tender for Crete power link project

Greece launches international tender for Crete power link project

Photo: Pixabay


April 17, 2018






April 17, 2018





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

Wind turbines on the sea.

Ørsted issues blue bonds, vows to recycle solar panels, wind turbines

09 June 2023 - Danish renewable energy giant Ørsted said it would invest EUR 64 billion to achieve 50 GW in installed capacity by 2030

Romania financial support nuclear power projects Cernavoda 3 4

Romania pledges financial support for nuclear power projects Cernavodă 3, 4

09 June 2023 - The Romanian Government is backing state-owned Nuclearelectrica in the project for units 3 and 4 in the Cernavodă nuclear power plant

EU modernization fund Bulgaria Croatia Romania

EU pays out EUR 1.4 billion to Bulgaria, Croatia, Romania for green transition

09 June 2023 - The European Union's Modernization Fund has paid out EUR 2.4 billion for the seven member states, which is the joint largest disbursement

Lorkowski Carbon pricing condition electricity sector avoid EU carbon border tax

Lorkowski: Carbon pricing is condition for electricity sector to avoid EU’s carbon border tax

09 June 2023 - Market coupling and emissions trading systems are the prerequisites for an exemption from CBAM for electricity