Prysmian awarded a new contract in Russia

Milan, April 2009 - Saint Petersburg will soon see its power transmission grid enhanced: Prysmian has been awarded a new contract for the development of a high voltage power transmission grid by FSK, the national power transmission grid operator.

The company will design and install a 330 kV power transmission system that includes 80 km of high-tech underground cable. The cable will be manufactured in Prysmian’s plant in Finland and the commissioning is expected by mid 2010.
The project is worth approximately €20 million and follows other contracts secured by Prysmian in Russia between 2007 and 2008, such as the supply of high voltage cables and accessories to modernise the power transmission grid of Moscow City.

Prysmian has offices in Moscow and in the latest years strongly increased its business in the country, tripling sales between 2006 and 2008. Russia represents a strategic market for the Group, in particular in the sector of high voltage cables. The main Russia’s power grid utilities and operators have planned over €10 billion investments for the development and the modernisation of the power transmission grids.

Prysmian is the worldwide leader in this sector and it has recently started the production of high voltage cables also in Italy, with the contract for the development of the first national “merchant line”, a power transmission grid owned by private companies.

In the sector of high voltage cables Prysmian has recently won other important contracts, such as the project KAHRAMAA Phase VIII in Qatar, which will be included in the power transmission system expansion project currently under development in the Country.
The sector of cables and systems for energy transmission presents important opportunities also in other areas such as the USA and China, Countries where Prysmian has planned investments to increase the production capacity.