Prysmian won some €400 M contract for Montenegro-Italy power link. The new extra high voltage submarine cable system (500 kV DC) will connect the Balkans to Italy across the Adriatic. HV & Submarine order portfolio increases to more than €2.5 billion.
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth approximately €400 million, in relation to the “MON.ITA.” project for a new submarine power link between Montenegro and Italy, following the public tender issued by Terna Rete Italia S.p.A. (a company entirely owned by Terna S.p.A.).
“It’s a source of great satisfaction to be involved in the realisation of an infrastructure of such great strategic importance not only for our own country but for Europe itself,” said Valerio Battista, CEO of Prysmian Group. “The track record of projects carried out and on-going, further confirms our leading role in the development of interconnections for increasingly efficient and sustainable power transmission grids in Europe and worldwide. With MON.ITA we consolidate our technological and market leadership and our order portfolio increases to more than €2.5 billion.”
The new “MON.ITA” will link the Balkans and Italy across the Adriatic, thus contributing to increase the integration with the other European countries. In Europe, Prysmian is actively engaged in initiatives for the future development of power grids, such as “Friends of the Supergrid” – to promote a new concept pan-European power supergrid – and Medgrid – to develop a subsea transmission grid that will transport renewable energy from North Africa to Europe. The Group has recently co-founded Norstec, an association of the key players in the global energy sector, whose aim is to support the production of renewable energy by offshore wind farms in the North Sea.
Source Prysmian Group
