Wednesday 8 March 2023

Hellenic Cables, the cables segment of Cenergy Holdings, signed a contract with IPTO, in the context of the 4th phase of Cyclades interconnection with the continental Electricity Transmission System, concerning the electrical interconnections of Lavrio-Serifos and Serifos-Milos, Greece, with a total length of 170 km.

More precisely, the "turnkey" project includes the design, manufacturing, and supply of 150 kV high-voltage onshore and offshore cables as well as their accessories, the installation, laying, and protection of the onshore and offshore cables, the implementation of necessary joints and terminations as well as the final tests after installation.

The project integrating Milos and Serifos into the continental Electricity Transmission System is part of the fourth and final phase of the Cyclades interconnection.

Upon operation, the new interconnection will significantly upgrade the quality of electricity supply to seven more directly and indirectly interconnected islands of the Cyclades (Folegandros, Milos, Serifos, Ios, Kimolos, Sifnos, and Kythnos) throughout the year while allowing the gradual withdrawal of polluting and aging power plants still operating in Milos and Serifos.

The implementation of the project, including the installation of the cables, is expected to be completed within 28 months. The cables will be manufactured at Hellenic Cables' state-of-the-art factory in Corinth.

Mr. Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables stated: "The electrical interconnection of Milos and Serifos with the mainland Electricity Transmission System supports the island economy, energy security, and the reduction of the country's carbon dioxide emissions. Through the cables and services it offers, Hellenic Cables contributes decisively to Greece's energy transition"