Hellenic Cables undertakes the electrical interconnection between Zakynthos and Kyllini, Greece

Athens, December 15^th, 2022

Hellenic Cables, the cables segment of Cenergy Holdings, commissioned by IPTO to carry out the electrical interconnection between Zakynthos and Kyllini, Greece with a total length of 23km.

The “turnkey” project includes the design, manufacturing and supply of 150kV land and submarine high voltage cables as well as the associated accessories, the civil engineering works for the installation of the land cables, the laying and the protection of the submarine cables, the transitions between the land and submarine cables, jointing and terminations at substations which will be built by IPTO, as well as testing and commissioning.

The electrical interconnection of Kyllini-Zakynthos is an important project in the Ionian Islands, aiming to upgrade the Transmission System in western Greece as well. This particular connection has been in operation since the early 1980s. Due to its age, its replacement was initiated as a priority by the Operator. The new, upgraded cable connection will be ready to cover the increased loads of the island from as early as the following summer season.

The implementation of the project, including the installation of the cables, is expected to be completed within ten months from the signing of the relevant contract. The cables will be manufactured at Hellenic Cables’ state-of-the-art plant of submarine cables in Corinth and the plant of land cables in Thiva.

Mr. Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables, stated: «We work together with IPTO for its vision to achieve electrical sufficiency of our islands, which will support significantly the Greek tourism and provide quality and uninterrupted energy to people living in Greece and visitors around the world.»

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.