Hellenic Cables signs a new submarine interconnection project in the Adriatic Sea

Athens, February 9^th, 2023

Hellenic Cables, the cables segment of Cenergy Holdings, following the successful completion of another 110kV submarine cables contract in 2022, signed a second one with the contractor Končar Group for the supply of approx. 30 Km 110 kV High Voltage submarine cables, accessories, and related services as part of a project by the Croatian Transmission System Operator (HOPS) to replace outdated cable lines in the Adriatic Sea.

Hellenic Cables is excited to continue being part of this strategic project in Croatia, which secures the energy supply of the islands Hvar, Korčula, Cres, and Lošinj in the Adriatic Sea while also making a significant environmental contribution by reducing the environmental footprint of the Adriatic islands.

Cables production will start in 2023 and is expected to be completed by February 2024 at Hellenic Cables’ state-of-the-art submarine cable production facility in Corinth, Greece.
Mr. Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables commented: “We are pleased that Končar trusts us and chooses us again as a reliable supplier contributing to Croatia’s energy transition”.

Mr. Gordan Planinić, MOB of Končar – Engineering Ltd. for production and services commented: “For the second time, we have chosen Hellenic Cables as a partner in a strategic project in Croatia which will connect Croatian islands Hvar, Korčula, Cres, and Lošinj with new 110 kV HV cables. This enables, above all, to maintain the security of supply of customers on the Adriatic islands as well as a significant environmental contribution to the preservation of the cleanliness of the Adriatic Sea”.

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.