News

ADMIE and its appointed Contractor, Hellenic Cables Group, signed a contract today in the presence of the Deputy Minister of Environment, Energy and Climate Change and the Minister of Labor, regarding the underground and submarine 150 kV power and optical fibre cable links between Syros and Tinos, Syros and Mykonos, Syros and Paros, and as 150 kV cable terminations at Tinos.

The contract includes the procurement of cables, cable laying, cable protection near coastal areas, and the implementation of necessary connections to the existing ADMIE network. The project is part of Group B of the Public Tender performed by ADMIE, the scope if which is the Interconnection of the Cyclades Islands to the Hellenic Electric Power Transmission System (DAPM-41303/15.10.2013). The project value amounts to EUR 93 million.

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 amounting to EUR 55 million, Fulgor operates state-of-the-art facilities and equipment that enables the production of these speacialised products.

In addition, the company has manufactured medium voltage submarine cables up to 33 kV spanning more than 900 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 Cablel Hellenic Cables Group, a Viohalco subsidiary, among the few global high voltage submarine cable suppliers able to bid for high-standard international projects.  The Cyclades interconnection has multiple benefits for the local communities and the national economy. The implementation of the project starts today, in challenging economic conditions, thanks to the determination and the flexibility of the Management of ADMIE.

Interconnecting Cyclades with the Hellenic Electric Power Transmission System will constitute a key driver in the development of Cyclades and will ensure optimal environmental and financial terms for the local communities. The project is also beneficial to Greek consumers as well, through the reduction of the cost of utility services.