Santorini-Naxos grid link tender set to be announced by IPTO

Power grid operator IPTO’s plan for a subsea cable interconnection to link Santorini’s grid with Naxos, and, by extension, the mainland system, a project promising to resolve Santorini’s electricity supply shortages confronted every summer as a result of the island’s immense tourism appeal, has just been published, as a preliminary announcement, in the Official Journal of the EU.

The tender for this project, part of the fourth phase of the Cyclades interconnection, will most probably be officially announced within the first few days of January.

The fourth phase of the project will also include ensuing interconnections with the islands Folegandros, Milos and Serifos. Respective tenders for these projects are scheduled to be announced within the first half of 2021, energypress sources have informed.

The Naxos-Santorini grid interconnection, a project valued at 100 million euros (plus 24% VAT), is scheduled to be completed in 2023, while the links for the three other islands are planned for delivery in 2024.

The tender for the Naxos-Santorini grid link is scheduled to take place on January 29 as an online procedure through the company cosmoONE’s sourceONE digital auction system.

Bids submitted will be opened on the same day.