Hellenic Cables Lands Contract for Silver Run Expansion Project

24 February 2025

(Image credit: Hellenic Cables)

Hellenic Cables, the cables segment of Cenergy Holdings, has announced that it was awarded a contract for the Silver Run Expansion Project in the USA. The project is owned by Silver Run Electric LLC, an affiliate of LS Power, a leading development, investment, and operating company focused on the North American power and energy infrastructure sector, and its wholly owned subsidiary, LS Power Grid, a national electric transmission system developer, owner, and operator.

The contract was signed with Aqueos Marine, Inc., a subsidiary of Michels Construction, Inc., a well-known contractor for the construction of energy and infrastructure projects. It includes the supply of 21 km of single core, AC high voltage 230kV submarine XLPE insulated power cables. The cables will form part of a critical power transmission line between New Jersey and Delaware across the Delaware River.

Under the scope of this contract, Hellenic Cables will be responsible for the design, manufacturing, and testing of the 230 kV submarine cables, as well as the supply of related cable accessories and spare materials. The submarine cables will be manufactured at Hellenic Cables’ vertically integrated, state-of-the-art production plant in Corinth, Greece. Manufacturing is set to be completed in H1 2026.

Kostas Savvakis, General Manager, Hellenic Cables, commented: “We are proud to have signed our first contract with Michels and be a part of the Silver Run Expansion Project, a critical infrastructure project in the USA. This award reflects the trust placed in Hellenic Cables’ expertise and its commitment to deliver high-performance, reliable solutions for the energy sector. We look forward to the safe and successful execution of the project.”

Doug Mulvey, Vice President of LS Power, stated: “We are pleased to have selected the Michels team and its subsidiary, Aqueos Marine, to be a part of our Silver Run Expansion Project, an important infrastructure project that will enable further power flow between the states of Delaware and New Jersey in the USA. We look forward to the safe and successful execution of the project.”

Walter Aguilar, President of Aqueos Marine, Inc., commented: “We are pleased to announce our partnership with Hellenic Cables for the development of the Silver Run Expansion Project. This recognition underscores Michels’ leadership as a provider of integrated solutions within the construction industry. We extend our gratitude to Silver Run Electric, LLC, for their confidence in us. We are committed to ensuring the project’s safe and successful execution through dedicated teamwork and collaboration.”