Interconnectors – Tender Process
Greece’s electricity transmission system operator (TSO), Independent Power Transmission Operator (IPTO or ADMIE), is inviting three players – Prysmian, Nexans, and Fulgor – to provide their final offers for the tender process regarding submarine alternating current (AC) cables destined for Aegean Islands interconnectors.
After the Greek electricity grid operator’s first phase of the tender, launched in April 2024, for the conclusion of a framework agreement concerning the AC submarine cable projects for the interconnections of the Dodecanese and the islands of the northeast Aegean was completed with the submission of three participation applications from Fulgor, Nexans Norway, and Prysmian Powerlink.
Following the positive evaluation of all three candidates, IPTO disclosed plans to begin the second phase of the tendering process to pick the contractors that would undertake the project under a six-year framework agreement. The initial budget of the project amounts to €1.72 billion or around $1.89 billion (plus VAT).
