MILAN -- Prysmian Group, one of the largest vendors in the energy and telecom cable systems industry, today announced the finalization of its contract agreement -- valued at €125 million -- with Independent Power Transmission Operator (IPTO).
IPTO is responsible for the transmission power grid in Greece. This contract covered a submarine power cable connection between the island of Crete and the Peloponnese region of the Greek mainland. As first announced on Oct. 2, 2018, the operator awarded the project to Prysmian. Today, a contract-signing ceremony in Chania attended by the Greek Minister of Environment and Energy, Georgios Stathakis, and IPTO CEO, Manos Manousakis, cemented the contract.
"We are very proud to be part of such a strategic project that shall create this important link between Crete and the Greek mainland for the very first time," said Hakan Ozmen, executive vice president, Project BU at Prysmian Group. "Our long-lasting collaboration with IPTO shall enable us to demonstrate once more the quality and state-of-the-art of our products and solutions. With the trust IPTO again places in us with this contract, we can proudly re-affirm Prysmian leadership in submarine cable interconnectors, as this project stands alongside many others we have secured in recent times..."
These include connections in Greece between the island of Syros and Lavrion, the Cyclades project, two links between the islands of Evia, Andros and Tinos and the Italy-Greece inter-connector, all awarded by IPTO to Prysmian, Ozmen said.
"[These] complement a range of projects across the Mediterranean region with the Sardinia-Italian Peninsula (SA.PE.I) project, the Capri-Torre Annunziata and Capri-Sorrento connections in Italy, two interconnectors between Spain and Morocco, and both projects linking the Balearic Islands, the Iberian Peninsula-Mallorca and Ibiza-Mallorca, as well as the 400kV Dardanelles link in Turkey," he added."
The Crete-Peloponnese contract involves the design, supply, installation and commissioning of an HVAC cable system composed of 150 kV three-core cables with XLPE insulation and double-wire armoring. The route extends to 135 km and shall reach depths of up to 950 meters. Prysmian's own vessel, Giulio Verne, will perform the deployment.
Prysmian's Centre of Excellence in Arco Felice (Naples) will produce the submarine cables, with delivery and commissioning scheduled for 2020.
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