Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
Hellenic Cables, the cables segment of Cenergy Holdings, signed a second contract with contractor Končar Group to supply approximately 30 km of 110 kV high‑voltage submarine cables, accessories and related services for a HOPS project replacing outdated cable lines in the Adriatic Sea, including the links that secure the electricity supply to the islands of Hvar, Korčula, Cres and Lošinj. Under this contract, production of the new cables at Hellenic Cables’ Corinth plant in Greece was scheduled to start in 2023 and be completed by February 2024.