Original disclosure @ EIB website
Updated in EWS Apr 11, 2023
Disclosed by Bank Sep 2, 2022
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According to the Bank’s website, the project consists of the extension of the interconnection of Northern Cyclades through the connection of Western and Southern Cyclades (interconnection of the islands of Thira, Folegandros, Milos and Serifos) in a closed loop with the interconnected system of northern Cyclades via the GIS S/S of Naxos and with the continental Greece transmission network (HETS) via the EHV S/S of Lavrio. The project consists of five underground and submarine cables about 350 km long and the construction of four GIS substations on the islands.
The project aims at increasing the security and reliability of supply in the island systems; reducing the financial and economic cost of supply to the islands by allowing the phase-out of expensive and polluting oil-based generators (only 50 MW will be kept in reserve in Thira); and at allowing the decarbonisation of energy supply to island customers, including by indirectly increasing the RES hosting capacity of local networks by 100 MW.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Independent Power Transmission Operator SA||Client||-|
No contact information provided at the time of disclosure.
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