Bosnian share indices mostly down in week ended Dec 6
Dec 06, 2019 16:29 CESTNovember 28 (Renewables Now) - Greek power grid operator ADMIE has awarded, following international tenders, contracts for the Lavrion-Syros and Peloponnese-Crete interconnections.
The selection of Nexans (EPA:NEX) to connect the island of Syros to the Greek mainland was announced by ADMIE (IPTO) Holding SA (ATH:ADMIE) in October and confirmed by French cable producer Nexans (EPA:NEX) today. The EUR-111-million (USD 125.6m) turnkey contract includes survey, design, manufacturing, installation and protection of a 150-kV HVAC three-core submarine power cable with an internal fiber optical element over roughly 108 km at an expected maximum water depth of 300 m.
The Nexans Skagerrak cable laying vessel will be employed in the project.
Nexans’ job is part of the Cyclades Islands Interconnection in Greece, through which ADMIE seeks to cut the need for use of power plants burning heavy fuel oil and light fuel oil and ensure the infrastructure needed for harnessing the local renewable power potential is in place.
The project is to be completed in 2020, two years earlier than initially planned, the power transmission operator noted.
This Monday, ADMIE said it has also signed contracts for the electrical interconnection between Crete and the Peloponnese, the longest submarine and underground cable interconnection globally with a total length of 174 km and a maximum depth of about 1000 m. Fulgor will be in charge of the Western submarine interconnection under a EUR-140.2-million contract, while Prysmian Powerlink will get EUR 125.9 million for the Eastern submarine interconnection. Hellenic Cables is responsible for the underground interconnections in Crete, and Terna will build a substation in the South East Peloponnese.
Commissioning is expected by mid-2020.
(EUR 1 = USD 1.13)
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