Filenews 27 April 2024
The Independent Power Transmission Operator (ADMIE), which officially took over as the operator of the electricity interconnection between Cyprus and Crete, went out yesterday in one of its largest tenders, amounting to €1.71 billion [€2.1 billion including VAT] for the project "Design, supply and installation of submarine and high voltage cables for the interconnection of Greek islands with the core network.
According to the newmoney.gr, the project is divided into two sections, with an estimated budget for Section A of €980,400,000 and for Section B of €736,600,000.
The duration of the framework agreement is set at six years from signature. It is also provided that implementing contracts may be concluded up to the expiry of the duration of the framework agreement. However, the duration of implementing contracts may exceed the expiry time of the framework agreement. The deadline for online submission of applications is 24 May 2024.
ADMIE has already contracted with Nexans for the construction, in Norway, of the cable that will be required for the interconnection between Cyprus and Crete. The contract is worth a total of €1.4 billion. After August 2024 and in the absence of any other development, IPTO will be committed for the entire amount of the agreement.
The Greek Transmission Operator expects that by August the pending consultations with the Cypriot Government and CERA will be closed, in particular for the final investment decision for the participation of the Cypriot state in the share capital of Great Sea Interconnector, a subsidiary of IPTO for the execution of the interconnection, but also for reaching an agreement with CERA for the commencement of IPTO cost recovery for interconnection, through a special fee to be paid by electricity consumers through their electricity bill.
