The tender process concerns the selection of contractors for the project: "Study, Supply & Installation of underwater and underground cables in the context of island interconnection projects with the ESMIE", with the award criterion being the most advantageous, from a financial point of view, offer.
As ADMIE announced, three candidates submitted applications for participation, all of which were evaluated positively, and in the next few days the second phase of the competition will start, in order to select the contractors who will undertake the project. The duration of the framework agreement is set at six years from the signing of the relevant contract, while the initial budget of the project amounts to 1,717,000,000 euros (plus VAT).
It is recalled that this is the first time that ADMIE is proceeding with this specific tendering practice, which is also followed by other European Electricity Transmission Operators, as the availability of time slots for the production of submarine cables, both in the Greek and international markets, is extremely limited.
In addition, the framework agreement will ensure lower prices, while saving time and resources, through a competitive process, as opposed to conducting separate tenders.
The interconnection of the Aegean islands with the continental system is a key priority in the new Ten-Year Development Program of the ADMIE 2025-2034. These critical Operator energy infrastructures end the electrical isolation of non-interconnected islands and increase the reliability of their power supply, while reducing the cost of generated energy.
The interconnections of the two island complexes will lead to a drastic reduction of the CO2 emissions released by the polluting local power stations and will contribute to the utilization of the high potential of Renewable Energy Sources (RES) in the Aegean area.
