Hellenic Cables joins Energinet framework agreement for High Voltage cable projects

Hellenic Cables-Hellenic Cables joins Energinet framework agreement for High Voltage cable projects

Athens, March 10th 2020


Danish TSO Energinet has chosen Hellenic Cables S.A. to be one of three cable manufacturers in its frame agreement for High Voltage underground cable systems (145-170 kV).

In addition to the supply of High Voltage cables, the scope entails all labor, equipment and materials required for design, fabrication, factory testing, transport, laying supervision, installation of joints and terminations of Denmark’s onshore High Voltage Grid needs.

The 8-year contract (2020-2028) will cover part of Energinet’s overall needs and the estimated volume during the term is expected to be approximately 4.200 km of cable, which will be awarded to the three manufacturers through either direct orders or mini-tenders.

The 145-170 kV cables will be manufactured in Hellenic Cables’ plant in Thiva, Greece. With its highly skilled and experienced personnel, state-of-the-art facilities and adherence to best working practices, the plant ensures the highest quality of a wide range of products and solutions.

About Energinet

Energinet is an independent public enterprise owned by the Danish state as represented by the Ministry of Energy, Utilities and Climate. Energinet owns the Danish electricity and gas transmission system and is the co-owner of the electrical interconnections to Norway, Sweden and Germany. The main task is to maintain the overall short-term and long-term security of electricity and gas supply. Energinet’s vision is balance in a sustainable energy system concurrently with covering an increasingly larger part of Denmark’s energy consumption from renewable energy. In September 2019, in cooperation with Dutch TSO TenneT, was commissioned the first interconnector between Denmark and the Netherlands. The interconnector is named COBRAcable. The interconnector has a capacity corresponding to the annual electricity consumption by approx. 700,000 households. The purpose of the COBRAcable is to improve the cohesion of the European transmission grids by increasing the exchange of excess wind power to neighbouring countries and strengthening the electrical infrastructure, the security of supply and the European electricity market.

About Hellenic Cables

Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for various industries, including offshore wind and utilities, as well as undertaking turnkey power transmission and distribution projects. Through its fully-owned subsidiary Fulgor SA, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where the production and testing of some of the longest submarine cable lengths without factory joints on a worldwide basis is empowered by the Company’s state-of-the-art facilities and equipment. Hellenic Cables recently implemented a EUR 150 million investment plan for the production of high and extra high-voltage submarine cables at Fulgor plant. Looking ahead, additional investments in technology and innovative cable solutions are decided, as a way of contributing to the creation of a sustainable future for its stakeholders. Hellenic Cables represents the cable production segment of Cenergy Holdings SA. For further information please visit Hellenic Cables website at www.hellenic-cables.com