Prysmian Lands Greece Subsea Cabling Gig
- Business & Finance
Prysmian Group has been awarded a new contract worth approximately $127 million (95 million euro) by IPTO (Independent Power Transmission Operator), the Transmission System Operator of the Greek electricity system, for the interconnection between the island of Syros (Cyclades) and the mainland power transmission System in Lavrion, Greece.
The project involves the design, supply and installation of a turn-key High Voltage Alternating Current (HVAC) cable system designed to transmit a power of 200 MVA and consisting of 150 kV extruded cables and associated fibre optic cable system along a total route of more than 110 km (108 km submarine and 2 km land) for the interconnection between the two landfalls that will enable integration of Syros into the Greek network system and future expansion to the other Cyclades Islands (Paros, Mykonos, Tinos).
The submarine cables for the Lavrion-Syros link will be manufactured in the Arco Felice plant (Naples), the Group’s centre of technological and manufacturing excellence. Production of both submarine and land cables will be during 2015. Cable installation and protection will be completed within 22 months in 2016.
“This new project confirms Prysmian’s leadership in the Mediterranean region and in ‘deep water’ cable installation projects” states Massimo Battaini, Prysmian Powerlink CEO. “The Cyclades project further highlights Prysmian’s strategic role in supporting the realization of the important development plans in the field of power grid interconnections”, he adds.
Prysmian has a long-standing track record in the development of submarine interconnection milestone projects in the entire Mediterranean region, such as Italy-Greece, Sardinia-Italian Peninsula (SA.PE.I.), two interconnections between Spain and Morocco, two projects in the Balearic islands (Spanish Mainland to Majorca and Ibiza to Majorca) and the Dardanelles in Turkey.
Press Release, August 11, 2014