New submarine cables to connect Asia and Europe

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€140 m contract awarded by TEIAS, the Turkish electricity transmission corporation company / Group's undisputed leadership and market's trust confirmed also following successful execution of other submarine links along the same route

Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract worth a total of around €140 million by the Turkish utility TEIAS for the design, supply, installation and commissioning of two high-voltage submarine power cable links, one between Europe and Asia, the other across the Izmit Gulf in Asia. The official contract signing ceremony is expected within June, followed by an immediate notice to proceed. The completion of both contracts is expected by 2023. The first project —... ... More: Official Press Release Prysmian Group

Keywords:

Prysmian, cables, submarine, Asia, Europe, Turkey, Istanbul, commissioning, high voltage, power cable connection, TEIAS, installation, vessel