Power grid operator IPTO has shifted to latter dates the bidding deadlines of tenders for two contracts concerning the development of Santorini’s grid interconnection, kicking off work for the Cyclades interconnection’s fourth stage.
The deadline of a tender offering bidders an EPC contract for 150-kV AC cables, has been reset for February 19, while the new date for a tender covering the installation of a substation has been delayed until March 19.
The operator has also altered the competition procedure for the cables project, opting for a single-offer online competition instead of an online auction.
All work under the cables’ EPC contract, estimated at 100 million euros, not including VAT, will need to be completed within a 16-month period from the date a contract is signed.
The project’s substation installation of a GIS 150-kV/MT system budgeted at 26.2 million euros, not including VAT, will need to be delivered within 20 months.
Financial support is being sought for both projects through the Recovery and Resilience Facility mechanism.
IPTO expects a smaller turnout than initially anticipated for the project’s cables, according to sources. Two bidders are now seen lodging bids for this EPC contract.
The fourth phase of the Cyclades grid interconnection also includes the islands Folegandros, Milos and Serifos.
This project’s Naxos-Santorini segment is expected to be completed by 2023, while the interconnections for the three aforementioned islands are expected to be delivered in 2024.