NKT awarded turnkey order for the Attica-Crete interconnector project

NKT has been awarded the delivery and installation of the onshore power cable systems for the Attica-Crete interconnector project.

NKT has secured the contract award with the project owner Ariadne Interconnection S.P.S.A., a wholly-owned entity by IPTO, the Greek Transmission System Operator and NKT has added the project to its high-voltage order backlog.

The 1000 MW Attica-Crete interconnector will reduce carbon emissions by 500,000 tons in its first full year of operation due to the replacement of production by the old oil-fired power units operating on the island.

On the Attica side, the onshore power cable systems will comprise 2x33 km of 500 kV MI (mass impregnated) high-voltage DC power cables, and 33 km of medium-voltage DC XLPE cables for connecting sea electrodes, as well as accessories, civil works, installation, testing, and commissioning. The order also comprises 2x11 km of 500 kV MI high-voltage DC power cables and 11 km of medium-voltage DC XLPE cables for onshore installation on Crete. The 1000 MW power cable systems will be manufactured at the NKT plant in Karlskrona, Sweden which operates on 100% renewable electricity. Manufacturing is expectedly from 2021 and with planned commissioning by the first quarter of 2023.

The NKT contract, which will be the first of its kind in Southern Europe for NKT, will have a value of approximately EUR115 million (US$129.87 million).