Brief: Holding Company ADMIE IPTO Announces Launch For Tender Of The Corinth – Kos Electrical Interconnection

Holding Admie Ipto SA

18/11/2024 10:17

Nov 18 (Reuters) - Holding Company ADMIE IPTO SA
 ADMr.AT :
    * HOLDING COMPANY ADMIE IPTO SAYS A.D.M.I.E. (I.P.T.O.) S.A.
LAUNCHES THE TENDER FOR THE ELECTRICAL INTERCONNECTION OF
CORINTH - KOS
    * HOLDING COMPANY ADMIE IPTO SAYS  TENDER PROCESS CONCERNS
THE
DESIGN SUPPLY AND INSTALLATION OF HVDC CABLE SYSTEMS AND TWO
CONVERTER STATIONS
    * HOLDING COMPANY ADMIE IPTO SAYS BUDGET FOR THE CABLE
SECTION OF
THE INTERCONNECTION AMOUNTS TO EUR 630 MILLION AND FOR THE
CONVERTER STATIONS AMOUNTS TO EUR 789.1 MILLION
    * HOLDING COMPANY ADMIE IPTO SAYS DURATION OF THE
CONSTRUCTION
PHASE IS SET AT 36 MONTHS FROM THE SIGNING OF THE CONTRACT
    * HOLDING COMPANY ADMIE IPTO SAYS PROJECT HAS BEEN SELECTED
FOR
FUNDING FROM THE ISLAND DECARBONISATION FUND
    * HOLDING COMPANY ADMIE IPTO SAYS REDUCTION IN THE COST OF
PUBLIC
UTILITIES FOR ALL CONSUMERS IS ESTIMATED TO AMOUNT TO UP TO EUR
3.6 BILLION FOR THE PERIOD 2029 - 2053


Further company coverage:  ADMr.AT 

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