Cyclades Interconnection Phase D : Thira - Naxos
10 August 2021
Positive
Project advancing - milestone achieved
Low Impact
Minor progress or informational
On 10 August 2021, ADMIE (IPTO) Holding announced that its affiliate ADMIE (IPTO) SA had successfully completed the tender for the Santorini–Naxos cable section of the Cyclades Interconnection Phase D. Hellenic Cables was named the temporary contractor and underbidder for the subsea cable project, with an initial budget of EUR 100 million and a bid price of EUR 79.5 million, while the final contractor appointment was to be confirmed in the following days in line with legal procedures.