News

Hellenic Cables Group would like to inform investors that its subsidiary Fulgor was awarded a contract worth EUR 36.4 million by TERNA ENERGY for the cable interconnection of the 73.2 MW wind park in the island of St. George, which is located in the sea area south of Cape Sounio. The contract includes the supply of 37.4 km 150kV of high-voltage submarine cables, the laying of the cable in a depth up to 230 meters, the cable protection in the seabed along the whole route, and the implementation of the necessary terminations and connections to the existing high voltage grid in Lavrio. The completion of the project is expected to take place in 2015.

TERNA ENERGY’s total investment amounts to EUR 150 million, and has multiple energy and environmental benefits. The amount of electricity produced annually will cover of the energy needs of over 40,000 households per annum, and will contribute to the saving of over 60,000 tons of oil and the reduction of over 180,000 tons of emissions per annum.

The technologically advanced, high-added value cables are produced by the Hellenic Cables Group at the plant of its subsidiary Fulgor in Corinth. Having completed investments exceeding EUR 60 million, Fulgor operates state-of-the-art facilities and equipment that enables the production of submarine cables in long continuous lengths with a minimum number of factory joints, while offering short lead times.

In addition, the company has manufactured medium voltage submarine power cables up to 33 kV totaling more than 950 km, as well as more than 2.200 km of submarine fibre optic cables. Acting as a contractor for turnkey projects, the company has installed mainly submarine power cables and about 1.000 km of submarine fibre optic cables.

This high-profile project positions Hellenic Cables Group, which has also undertaken the Cyclades Interconnection project, among the few global high voltage submarine cable suppliers that are capable to bid for complex international project.