SIEMENS-TERNA Consortium Secures 370 Mln Euro Contract in Greek Power Link

A consortium of Siemens and Terna has been awarded a 370 million euro ($410 million) contract as part of a 1 billion euro Greek power project to link Athens to the island of Crete, power grid operator ADMIE IPTO Holding said on Monday.

SIEMENS-TERNA and GE-NARI-MYTILINAIOS last year submitted binding offers to Ariadne Interconnection, a unit of ADMIE IPTO which is handling the project, for the supply and installation of two converters and a substation in 36 months, ADMIE IPTO said.

“The technical evaluation was completed on March 13, 2020 and the offer of the SIEMENS-TERNA consortium qualified”, it said.

ADMIE IPTO last year picked Prysmian and Nexans to build two undersea cables. Hellenic Cables and NKT were also picked to build the onshore cables to connect the converter stations in Athens and Crete to the undersea cables. ($1 = 0.9022 euros)