Ηellenic Cables enters the market of High Voltage Cables in France

Athens, 18 February 2021

Hellenic Cables, the cable segment of Cenergy Holdings, secured a frame contract with the French TSO, Réseau de Transport d’Electricité («RTE») for the supply of 90 kV and 225 kV High Voltage underground cables, accessories and installation services.

The three-year contract, with the possibility of an extension for two additional years, provides access to the largest High Voltage underground cables market in Europe, while proving the confidence shown by major grid operators, such as RTE, in the capabilities of Ηellenic Cables.

The High Voltage cables will be manufactured at Hellenic Cables plant in Thiva, Greece. Through its highly qualified and experienced personnel, state-of-the-art facilities and compliance with best working practices, the plant is capable to produce high quality power cables, serving the largest utilities.

Mr. Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables commented: «We are proud that RTE has chosen Hellenic Cables, recognising our Company as a supplier capable to offer high quality and innovative products and services to its customers by constantly investing in new technologies with reduced environmental footprint. We are pleased to contribute to the shared vision we have with RTE for an efficient
energy transition focusing on renewable energy sources and the reduction of carbon footprint, aiming to achieve EU’s target Europe to become climate neutral by 2050.»

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.