# Nexans wins €220M subsea HVDC cable contract for Crete interconnection

Nexans was awarded a contract by Ariadne Interconnection S.P.S.A (owned by IPTO) to design, manufacture and install a 335 km subsea HVDC cable system linking Crete to mainland Greece. The contract value exceeds €220 million.

- Type: Contract
- Announced: 2020-05-27
- Where: Attica region to Herakleion area, Crete, Greece
- Value: $241.0M (220.0M EUR)
- Status: announced
- Capacity: 500 MW (one of two cables for 1000 MW bipole)
- Products: subsea HVDC cable system
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Nexans](https://endata.com/companies/5093.md)
- [IPTO](https://endata.com/companies/39557.md) (customer)
- [Ariadne Interconnection S.P.S.A.](https://endata.com/companies/47468.md) (customer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2020/05/27/2039187/0/en/Nexans-wins-major-subsea-HVDC-cable-contract-from-Greece-s-Ariadne-Interconnection-S-P-S-A.html), 2020-05-27: "Nexans has been awarded a major contract to design, manufacture and install a 335 km subsea high voltage direct current (HVDC) cable system for Ariadne Interconnection S.P.S.A."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.