Hellenic Cables, the cable segment of Cenergy Holdings, in partnership with Independent Power Transmission Operator (IPTO), has announced the successful electrification of the 178 km long submarine and underground electrical interconnection between Crete and Peloponnese.
The EUR380 million (US$462.14 million) project is intended as a replacement for Crete’s conventional polluting power plants, includes the turnkey design, supply, and installation of a 150kV composite submarine and underground cable system for the interconnection of Crete, with the mainland power supply grid.
Manos Manousakis, Chairman & CEO of IPTO, stated: “Crete-Peloponnese electrical interconnection is the capstone of the collective effort put both by the people of IPTO and our vendors. The future of energy transition in Greece passes through the sea and, with this project, IPTO proves that owns the know-how necessary to meet the most demanding electrical interconnection projects to be implemented in the country in the years to come”.
Hellenic Cables was assigned for the design, supply, and installation of a 150-kV composite submarine and underground cable system. The subsea interconnection of Crete to the mainland has approximately 178 Km long HVAC interconnection with submarine cables laying under the depths of up to 1,000 m. In addition, three different types of cable protection systems were custom-designed in terms of water depth, geomorphology, and geohazards along the length of 135km.
Hellenic Cables has been selected by TERNA ENERGY S.A, following an international tender, for the design, manufacturing, supply and installation of the 150 kV submarine cable system which will connect the under-construction 330 MW Kafireas II Wind Farm to Greece’s mainland grid.
Read moreThe Independent Power Transmission Operator announces the participation of the European Investment Bank (EIB) in the financing of Crete-Attica interconnection, a project with a total budget of EUR1 billion (USD1.197 billion), being implemented by IPTO’s fully owned subsidiary “Ariadne Interconnection”.
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Read moreThe Trans Adriatic Pipeline (TAP) successfully completed financial close in December 2018, securing EUR3.9 billion (US$4.44 billion) - the largest project finance agreed for a European infrastructure project in 2018.
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