Athens, March 6th, 2023
Hellenic Cables, the cables segment of Cenergy Holdings, signed a contract with IPTO, in the context of the 4th phase of Cyclades interconnection with the continental Electricity Transmission System, concerning the electrical interconnections of Lavrio-Serifos and Serifos-Milos, Greece, with a total length of 170 km.
More precisely, the “turnkey” project includes the design, manufacturing, and supply of 150 kV high-voltage onshore and offshore cables as well as their accessories, the installation, laying, and protection of the onshore and offshore cables, the implementation of necessary joints and terminations as well as the final tests after installation.
The project integrating Milos and Serifos into the continental Electricity Transmission System is part of the fourth and final phase of the Cyclades interconnection.
Upon operation, the new interconnection will significantly upgrade the quality of electricity supply to seven more directly and indirectly interconnected islands of the Cyclades (Folegandros, Milos, Serifos, Ios, Kimolos, Sifnos, and Kythnos) throughout the year while allowing the gradual withdrawal of polluting and aging power plants still operating in Milos and Serifos.
The implementation of the project, including the installation of the cables, is expected to be completed within 28 months. The cables will be manufactured at Hellenic Cables’ state-of-the-art factory in Corinth.
Mr. Alexis Alexiou, CEO of Cenergy Holdings stated: “The electrical interconnection of Milos and Serifos with the mainland Electricity Transmission System supports the island economy, energy security, and the reduction of the country’s carbon dioxide emissions. Through the cables and services it offers, Hellenic Cables contributes decisively to Greece’s energy transition”.
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, 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. Since 2012, Hellenic Cables has implemented a EUR 250 million-investment plan for the production of high and extra high-voltage submarine cables at Corinth plant. Hellenic Cables represents the cable production segment of Cenergy Holdings SA. For further information, please visit Hellenic Cables website at www.hellenic-cables.com.
Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Corinth Pipeworks is a world leader in steel pipe manufacturing for the oil and gas sector and major producer of steel hollow sections for the construction sector. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for the aforementioned sectors. For more information about our company, please visit our website at www.cenergyholdings.com.