Prysmian bags $1bn contract for Greek power links
A EUR910m framework deal with IPTO covers more than 900 km of HVAC cables for Dodecanese and North Aegean islands.
Italian cabling giant Prysmian has been awarded a framework agreement with Greek electricity grid operator IPTO worth around EUR910m ($1.03bn), to develop electrical interconnections for the Dodecanese and North Aegean islands.
The project aims to bolster Greece's energy infrastructure, improving the reliability and efficiency of the national grid to the benefit of the islands and the wider economy. Under the agreement, Prysmian will design, manufacture and install submarine and land-based cables across seven projects totalling more than 900 km of HVAC cables, with final delivery expected in 2033. The work will reach water depths of up to 1,150 m, setting a new record depth for a static three-core HVAC cable.
Prysmian has worked with IPTO before, on projects including the Cyclades islands interconnections and the Crete-Attica and Crete-Peloponnese links — the latter setting the company's previous HVAC depth record of around 960 m. "We know from our prior experience in the country just how essential and welcomed upgraded electrical infrastructure is for residents in island communities. We will utilise our assets — from design, manufacturing, surveying and installation, including our flagship deep-water vessels — to deliver these vital upgrades," said Raul Gil, EVP for transmission at Prysmian.
