17 / 28
17
A
new report has found that
the high voltage cables
and accessories market is
predominantly led by the
growth of offshorewind farm, high voltage
direct current transmission links, and grid
interconnections. All these means of HV
transmission are carried out by overhead
lines or underground/submarine cable
systems that comprise commonly used
cables, including XLPE and MI, or bare
conductors, and accessories such as
cable joints and terminations. XLPE and
mass impregnated cables are usually
used for underground and subsea cable
systems, whereas overhead lines use
bare conductors of copper or aluminium.
According to the StatPlan Cable Report,
the Asia-Pacific market held the largest
share in 2014, at around 45% of the total,
with China standing as the largest market
and expected to continue its dominance.
Across other regions, the US is a leading
market in North America due to several
HVDC projects enhancing the electricity
transmission infrastructure of the country.
HV cable market led by offshore wind farms
Staging the future
The global energy and
communications wire
and cable market was
worth $186 billion in
2014.
Mozambique: $200mn
for power transmission line
Up to $200 million will be provided by the
Islamic Development Bank to fund a power
transmission line inMozambique. On top of
the financing, two deals were signed by the
bank and Government to support training
activities, in particular are the training
of entrepreneurs on the Islamic finance
model and private sector development. The
transmission line, which actually costs an
estimated $600million, will be built
betweenNacalaintheNampula
province and Chimwara in
the Zambezia province.
It aims to replace the
current line to meet
the rise in demand for
energy in the country’s
centre and north.