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The Group will design, manufacture, install and commission
a new submarine power line linking Phu Quoc island, located
45 km west of the town of Ha Tien, in Kien Giang province in
southern Vietnam, to the national power grid. The Phu Quoc
link will require some 58 km of high voltage submarine cable,
which, under the contract, will also be laid and subsequently
protected. The interconnection is scheduled for completion
in the first half of 2014. Prysmian secured this contract after
successfully beating stiff competition from Far Eastern
manufacturers.
At the beginning of July, Prysmian won a contract to supply
and install high-tech cables for the new Macau Taipa Ferry
Terminal (P.R. China), a new piece of strategic infrastructure
that will enhance maritime links in the Guangdong area in
south China through the ports of Macao, Hong Kong and
Zhuhai. The contract, worth Euro 5 million, includes the
design, supply, installation and supervision of special fire-
resistant cables in collaboration with the local partner BBC
Cable Engineering. This project is due to be completed by the
end of 2013.
In August, the Group secured a contract from Telecom
Argentina for the construction of a major new broadband
network in the country. The project involves the creation of
a FTTH network that will serve 4,000 buildings mainly in the
Buenos Aires area, with an initial connection rate of just under
40%. Prysmian will work with Valtellina South América S.A.,
a network infrastructure specialist, which will coordinate the
system’s installation over the next two years. The products to
be supplied will include optical cables, as well as a wide range
of connectivity components for the passive network.
In September, the Group was awarded a Euro 67 million contract
by TEIAS, a Turkish electricity transmission utility, for the
design, production, installation and commissioning of a high
voltage submarine power cable between Europe and Asia across
the Dardanelles strait in Turkey. Once completed, it will be the
country’s first ever high voltage submarine power cable link.
The link comprises a dual AC power transmission circuit, each
of which rated 1000 MW, covering a distance of approximately
4 km. The 380 kV high voltage cables will be manufactured in
Europe at the Group’s submarine cable production facilities and
will be laid by the “Giulio Verne” cable-laying vessel. The project
is scheduled to be completed by the second half of 2014.
Following a public tender called by Terna Rete Italia S.p.A.
(a wholly-owned subsidiary of Terna S.p.A.), in the last
quarter of the year the Prysmian Group was awarded a new
contract worth approximately Euro 400 million in relation
to the “MON.ITA.” project for a new submarine power link
between Montenegro and Italy. The project involves supply
and installation of one of the two interconnection hubs
(about 415 km of submarine cable route at depths of up to
1200 m) involving an extra high voltage direct current (500
kV) subsea cable system with a power rating of 1000 MW,
as well as specialist civil engineering works in both Italy and
Montenegro. Prysmian will also supply and install the marine
electrodes to enable the system to operate in emergencies.
The cables for the MON.ITA link will be manufactured at the
Arco Felice plant in Naples, the Group’s centre of technological
and manufacturing excellence. Marine cable laying will be
performed by the “Giulio Verne” cable-laying vessel.
