Hellenic Cables has provisionally been selected by Greek electricity transmission system operator ADMIE as the winner of the bid to build a submarine electricity interconnection between the islands of Naxos and Santorini.
Hellenic Cables underbid competitor Prysmian Powerlink in the online auction, offering a total cost of 79.5 million euros.
The undersea cable will be 82.5 kilometers long at a depth of 400 meters and will ensure continuous power on Santorini through the summer season.
This also marks the start of the fourth phase of the Cyclades interconnection project, which continues with new tenders for cables and substations concerning Folegandros, Milos and Serifos in the autumn.
The schedule for the southwest Cyclades’ entry into the Greek high-voltage system remains unchanged at 2024.
