Hellenic Cables signs new contract with Denmark’s Energinet for High Voltage Submarine Cables

Athens, 9 March 2021

Hellenic Cables, the cables segment of Cenergy Holdings, has been awarded another contract by Denmark’s Transmission System Operator Energinet, for the complete supply of a 145 kV cable system connecting Amager Power Plant (AMV) to Svanemølle substation (SMK) in Denmark. According to Energinet, the project contributes to a climate-neutral supply chain.

Hellenic Cables will be responsible for the design, manufacturing, supply and transportation of about 11 km of 145 kV, XLPE insulated submarine cables. The scope of works includes also the supply of related accessories and supervision works.

The cables will be manufactured in Hellenic Cables’ state-of-the-art submarine cable production plant in Corinth, Greece, a world-class manufacturing facility for high and extra-high voltage submarine cables for offshore applications. Manufacturing is expected to be completed in autumn of 2021.

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.

Energinet is an independent public enterprise owned by the Danish Ministry of Climate, Energy and Utilities. Energinet owns, operates and develops the transmission systems for electricity and natural gas in Denmark.