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Construction of new power lines will strengthen national grid
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Milan-Paris, October 24, 2003 - A consortium formed by Pirelli Energy Cables and Systems and Nexans has been awarded a "turn-key" contract by STEG - Société Tunisienne de l'Electricité et du Gaz to provide and install underground high voltage cables and accessories for new power lines in the Tunis area and Bizerte. The project, which is worth 100 million Euros, will continue to improve and strengthen Tunisia's power transmission grid.
Together Pirelli and Nexans - world leaders in the energy cables sector - will create new underground power lines that will interconnect substations in Tunisia's main development areas. These investments will improve the grid's reliability and power transmission capacity and reduce the risk of further black-outs.
The contract, which will be lead by Pirelli, involves the supply and installation of polyethylene XLPE high voltage cables - operating at 90 and 225 kV - related accessories and all local installation, testing and activation activities. The project, which will start in the fourth quarter of 2003 and will be completed by the end of 2005, will utilize cables produced in Pirelli's French plant and Nexans' Belgian plant.
The project further confirms the leadership of Pirelli and Nexans in the North Africa area: already in the past three years, the two companies have signed individual contracts with many energy operators and installed cables and accessories worth more than 200 million Euros.
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Over
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Over Nexans
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Nexans is de wereldwijde marktleider in de kabelindustrie. De groep levert een uitgebreid assortiment geavanceerde koper- en glasvezelkabeloplossingen aan de infrastructuur-, industrie- en bouwmarkt. Kabels en kabelsystemen van Nexans zijn in alle facetten van het dagelijks leven terug te vinden: van telecommunicatie- en energienetwerken tot toepassingen
in de ruimtevaart, luchtvaart, automobielindustrie, spoorwegen, bouw, de petrochemische en medische industrie etc. Nexans heeft een industriële aanwezigheid in 28 landen en commerciële activiteiten in 65 landen. Het bedrijf heeft een personeelsbestand van 17.150 werknemers. De omzet bedroeg in 2002 4,3 miljard euro. Nexans is in Parijs aan de beurs genoteerd.
Meer informatie kunt u vinden op: www.nexans.com
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About Pirelli
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Established in 1872, Pirelli & C. is a global producer of Tyres, Telecom Cables and Systems and Energy Cables and Systems, sector where it has a worldwide leadership. Pirelli is present also in the Real Estate sector through the subsidiary Pirelli & C. Real Estate, one of the European leading managing companies. In 2001, Pirelli acquired a stake in Telecom Italia, one of the largest European telecommunication operators, via the company Olimpia, participated at 50.4%. With 74 plants in all the five continents, Pirelli employs more than 34,000 people and in 2002 it registered revenues for 6.718 billion Euros. Pirelli is listed on the Milan Stock Exchange.
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www.pirelli.com
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