Nexans to supply HV and MV cables for the upgrading of Libya’s power transmission and distribution infrastructure. Contracts value worth 110 million Euros
Paris, July 19, 2012 – Nexans, a worldwide expert in the cable industry, has been awarded contracts worth around 110 million Euros by Libya’s PEWCO (Public Electrical Works Company), a wholly-owned subsidiary of GECOL, the state-owned company responsible for the production and distribution of electrical power, to supply cables for projects to upgrade the country’s power transmission and distribution infrastructure.
The contracts involve the supply of over 1,000 km of high-voltage (HV) and low and medium-voltage (MV) cables. The transmission contract comprises 245 kV underground cables to be manufactured and supplied by Nexans France. The 33 kV and 15 kV distribution cables and the optical fiber cables will be supplied by Nexans Greece, while the accessories will be supplied by Nexans Italy.
PEWCO will install the cables. Nexans will supply all required accessories as well as optical fiber cables (for substation automation, control and communications and monitoring of the cable temperature), as well as engineering services, technical assistance and training to PEWCO and GECOL.
Cable delivery and installation is expected to take place during 2012 and 2013.
With energy at the basis of its development, Nexans, worldwide expert in the cable industry, offers an extensive range of cables and cabling solutions. The Group is a global player in the energy transmission and distribution, industry and building markets. Nexans addresses a wide series of market segments: from energy and telecom networks to energy resources (wind turbines, photovoltaic, oil and gas or mining…) to transportation (shipbuilding, aerospace, automotive and automation, railways...). Nexans is a responsible industrial company that regards sustainable development as integral to its global and operational strategy. Continuous innovation in products, solutions and services, employee development and commitment, customer orientation and the introduction of safe industrial processes with limited environmental impact are among the key initiatives that place Nexans at the core of a sustainable future. With an industrial presence in 40 countries and commercial activities worldwide, Nexans employs 25,000 people and had sales in 2011 of 7 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. For more information, please consult: www.nexans.com or www.nexans.mobi