Friday, April 12, 2024

      Subscribe Now!

 

spot_img
spot_img
GreeceBusinessIPTO announces framework agreement tender for undersea power cables

IPTO announces framework agreement tender for undersea power cables

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

Latest articles

Independent Power Transmission Operator (IPTO) on Thursday announced a tender procedure aiming at a framework-agreement for underwater AC power cable projects for interconnections to the Dodecanese and North Aegean islands, via competitive dialogue.

The competitive procedure aims at the selection of contractors for the eight-year project “Study, supply and installation of underwater and subterranean cables in the context of projects to connect islands with the Greek Electric Power Transmission System”, on the basis of the lowest price offer.

According to an announcement, it is the first time that IPTO is proceeding to make a framework agreement, a practice followed by other European power transmission operators.

The specific procedure was selected due to the extremely limited availability of slots for the production of undersea cables, both in Greece and globally, creating the necessity to promptly engage vessels and cable production lines. The agreement is also expected to ensure lower prices and save time and resources by holding one instead of several separate tender procedures.

It will take place in two phases: the first phase will select the potential contractors among those that apply to participate; in the second phase, those selected in the first phase must submit their financial offers. The aim is to complete the process and select the contractor/contractors within the year.

Thanks for reading Hellenic News of America

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

Get Access Now!

spot_img
spot_img
spot_img