Prysmian wins $126m deal to connect island to Greek grid

Italian cable company Prysmian Group has won a contract worth around €95m ($126m) for an interconnection between the island of Syros and the Greek mainland at Lavrion.

The deal with Greece’s transmission system operator IPTO will see Prysmian design, supply and install a turn-key high voltage alternating current (HVAC) cable system along more than 110 km – 108 km underwater and 2 km on land.

Syros is part of the Cyclades Islands a nd it is intended that once it is connected to the Greek grid, the other island of Paros, Mykonos, and Tinos will follow.

The submarine cables for the link will be made in Prysmian’s Arco Felice plant in Naples next year and installation is expected in 2016.

Massimo Battaini, chief executive of Prysmian Powerlink, said the deal with IPTO confirms Prysmian’s leadership in the Mediterranean region and in deep water cable installation projects”.

Prysmian has previously carried out submarine interconnection projects between Italy and Greece, Sardinia and mainland Italy, and Spain and Morocco.

The group is also a founding member of the industrial partnership Medgrid, launched to study the feasibility of a high-voltage direct current interconnection project to transmit electricity from solar or wind power plants to load centres on either rim of the Mediterranean.

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