Pirelli awarded 60 million Euros contract in the Energy sector

Pirelli has been awarded a contract for realizing – for Moroccan power company L’Office National de l’Electricité and Spanish Red Electrica de Espana – a high voltage submarine link that will interconnect Spanish and Moroccan power grids across the Gibraltar Strait and is worth 60 million Euros. This contract confirms Pirelli’s leadership and technological excellence in the Energy Cables and Systems sector and is the most important for submarine power industry in 2003. The whole contract, which is worth 115 million Euros, was awarded to a consortium, whose components are Pirelli and Nexans. Pirelli will manufacture and install with its own cable ship Giulio Verne two submarine power cables and one telecommunication cable. Submarine cables will be manufactured in the next two years at Italian plant in Arco Felice (Neaples), the world’s most advanced excellence centre for submarine applications of Pirelli Group.