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Apart from the record Westernlink project, 2012 saw the
award of several other important projects to the submarine
cables business.
In May, a contract was signed with Southern Power
Corporation under Vietnam Electricity, a Vietnamese utility
company, for the supply of a power line to link Phu Quoc
island, a major tourist destination, to the mainland power
grid. Once completed, the Phu Quoc link will be the first
submarine power line installed by a utility company in
Vietnam.
In September, the Group concluded an agreement with
TEIAS, a Turkish electricity transmission utility, for a high
voltage interconnector between Europe and Asia across the
Dardanelles strait in Turkey. Once completed, it will be the
country’s first ever high voltage submarine cable link.
The last project in order of time was the “MON.ITA” power line
between Montenegro and Italy across the Adriatic, secured
in October from Terna Rete Italia S.p.A.. The contract, worth
approximately Euro 400 million, involves the supply and
installation of one of the two interconnectors (about 415 km
of submarine cable route at depths of up to 1200 m).
This infrastructure will have a strategic value for a wide
area of Southern Europe and confirms the Prysmian Group’s
leading role in the development of networks to transmit
more efficient, sustainable energy.
SUBMARINE, A GLOBAL BUSINESS
MILESTONE
