Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 10 September 2014, following an international tender process, IPTO/ADMIE signed the first contracts for Phase A of the Cyclades interconnection, including Group B for 150 kV submarine and underground cable links between Syros, Tinos, Mykonos and Paros and a 150 kV cable termination in Tinos. The Group B submarine cable sub-project, which includes the Syros–Paros link, was assigned to Hellenic Cables under tender DAPM-41303/15.10.2013 with a value of about €93 million as part of a wider Phase A programme budgeted at €240 million, marking contractual commitment to develop these connections.