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BRIEF-Prysmian Wins EUR 221 Mln Order For Submarine Cable System In The Middle East

reuters · Sep 30, 2021 07:54

Sept 30 (Reuters) - Prysmian SpA PRY.MI :

* WINS ORDER FOR EUR 221 MILLION SUBMARINE CABLE SYSTEM IN MIDDLE EAST

* SIGNATURE OF CONTRACT IS EXPECTED IN EARLY OCTOBER 2021

* CONTRACT IS FOR ±500KV HVDC SUBMARINE AND LAND CABLE SYSTEM TO CREATE INTERCONNECTION BETWEEN ARAB REPUBLIC OF EGYPT AND KINGDOM OF SAUDI ARABIA

* DELIVERY AND COMMISSIONING OF PROJECT ARE SCHEDULED FOR

2024

* PROJECT WAS AWARDED BYEGYPTIAN ELECTRICITY TRANSMISSION COMPANY AND SAUDI ELECTRICITY COMPANY

Further company coverage: PRY.MI

(Gdansk Newsroom)

((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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