Regulatory News
Fulgor awarded turnkey contract to provide Enel Green Power Hellas with submarine cable interconnection to the Greek National Grid for the Kafireas onshore wind complex.
Brussels, 18 July 2017
The enclosed information constitutes regulated information as defined in the Belgian law of 2nd August 2002 and the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.
Cables segment: Fulgor, subsidiary of Hellenic Cables, awarded turnkey contract to provide Enel Green Power Hellas with submarine cable interconnection to the Greek National Grid for the Kafireas onshore wind complex located at Karystos, Evia, Greece.
Fulgor SA, subsidiary of Hellenic Cables SA, has been awarded a turnkey contract to provide Enel Green Power Hellas, subsidiary of the Italian utility Enel, with the supply and installation of a high voltage submarine power link, which will transfer the electrical power produced by the Kafireas wind complex to the National Grid (Pallini, Attica substation). Upon its completion, Kafireas wind project will have an aggregate installed power capacity of 154 MW and will be the largest wind farm in Greece.
Fulgor’s contract comprises the design, supply, installation and protection under the seabed as well as termination, testing and jointing of an interconnection between Karystos (Evia) and Rafina (Attica) with a 150 kV composite AC three-core, XLPE insulated, submarine cable which includes an optical cable with 24 fibres. The submarine cable for the interconnection will be of 45 km approximately in one continuous length and will be installed in water depths of up to 105 metres. Project execution will commence in 2017 while installation operations are scheduled to commence within the first quarter of 2018.
The submarine cable for the interconnection will be produced at Fulgor’s plant located at Sousaki Corinth, Greece, where the Company’s state-of-the-art facilities and equipment enable production and testing in continuous lengths of the longest submarine cables on a worldwide level. The underground cables for the interconnection will be produced at Hellenic Cables’ plant located at Thiva, Viotia, Greece.
Award of this high-profile project highlights Hellenic Cables’ pre-eminent position as a submarine cable manufacturer in the global offshore energy industry, capable of reaching cost-effective, reliable and innovative solutions and successfully executing complex turnkey projects. Over the last years, Hellenic Cables has continued to develop a wide range of technologically innovative cabling solutions and know-how from high voltage submarine cables to extra high voltage cables as well as optical fibre submarine cables.
About Cenergy Holdings
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. Cablel® 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.