Hellenic Cables was awarded new interconnections between islands on behalf of HEDNO

Athens, 28 February 2022

Hellenic Cables, the cable segment of Cenergy Holdings, was recently awarded by HEDNO as main contractor to undertake the implementation of several new interconnections of Medium Voltage cables approximately 19 km.

It is a turnkey project which includes the production and supply of submarine cables, along with the supply and installation of their accessories, as well as the implementation of all relevant works for the connection of the submarine cables to HEDNO land network. The relevant contract with a duration of 15 months has been signed between HEDNO and Fulgor, which is a 100% subsidiary of Hellenic Cables.

Cable production will start soon and the project implementation, including installation, is expected to be completed by May 2023. All cables will be manufactured at the state-of-the-art plant of Hellenic Cables in Corinth, Greece.

“We are happy to support HEDNO’s development program for the modernization of Distribution Grids in order to ensure uninterrupted and reliable supply to the country’s islands and we thank them for trusting us again”, commented Mr. Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables.

Hellenic Cables is one of the largest cable producers, 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 200 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.