Prysmian Finalizes Crete Interconnection Agreement with IPTO

Prysmian Group has finalized the agreement with Independent Power Transmission Operator (IPTO) for a submarine power cable connection between the island of Crete and the Peloponnese region of the Greek mainland.

The award of the €125 million project to Prysmian by IPTO, as announced on October 02, 2018, has been finalized  with the signing of the contract in a ceremony in Chania attended by the Greek Minister of Environment and Energy, Georgios Stathakis, and IPTO CEO, Manos Manousakis.

Hakan Ozmen, EVP Project BU, Prysmian Group said: “We are very proud to be part of such a strategic project that shall create this important link between Crete and the Greek mainland for the very first time. Our long-lasting collaboration with IPTO shall enable us to demonstrate once more the quality and state-of-the-art of our products and solutions.”

“With the trust IPTO again places in us with this contract, we can proudly re-affirm Prysmian leadership in submarine cable interconnectors, as this project stands alongside many others we have secured in recent times,” added Ozmen.

The Crete-Peloponnese contract involves the design, supply, installation and commissioning of an HVAC cable system composed of 150 kV three-core cables with XLPE insulation and double-wire
armouring.

The route extends to a length of 135 km and shall reach the challenging depths of installation of up to 950 meters, that shall be performed with Prysmian own vessel, Giulio Verne.

The submarine cables will be produced at the Prysmian’s centre of excellence in Arco Felice (Naples) with delivery and commissioning scheduled for 2020.