Prysmian's subsea order book reaches €2.5 bn on Philippines order - Concurrent Events - Wire&Cable Show Philippines

Prysmian's subsea order book reaches €2.5 bn on Philippines order

Click:36352015-01-14 00:00:00 Source: Region: Asia (Philippines)

Italy's Prysmian has been awarded a €90 million ($111 million) project by  the Filipino grid operating company NGCP (National Grid Corporation of the Philippines) for the design, supply, installation, and commissioning of a submarine power cable link to connect Negros and Panay islands in the Philippines.

The deal brings Prysmian's order book to a record €2.5 billion ($3.1 million) for submarine cables, and the Philippine contract was won against strong competition from Far Eastern producers, according to Massimo Battaini, Prysmian Group's senior vice president - Energy Projects.

The Negros-Panay connection project, known as CNP-1 (Cebu-Negros-Panay phase 1) comprises three HVAC (High Voltage Alternating Current) 230 kV single core cables with XLPE insulation and single wire armouring along a 22 km submarine route across the Guimaras Strait.

Prysmian will also supply and install underground cables for the land portions of the link and will erect the two Cable Terminal Stations (CTS) in Barotac Viejo on the Panay side and in Magalona on the Negros side. Cables will be produced at its Arco Felice facility, near Naples, Italy. Delivery and commissioning is scheduled for the H1 2016.

The CNP-1 cable connection is the first stage of a larger development plan by NGCP, aimed at connecting the Cebu, Negros and Panay islands to each other and at strengthening the country's power transmission network. The submarine cable link will be one of the main assets to play a core role in this plan as it will back up the existing 138 kV oil filled cable circuit, which is currently the only connection among the islands.

Prysmian has won and executed a number of key submarine cable links throughout the Asia Pacific Region, with milestone projects such as Penang Island in Malaysia, the Java-Bali link in Indonesia, the Cheju Island in Korea, the Ha Tien-Phu Quoc in Vietnam and the Basslink interconnector in Australia. The CNP-1 project is the Group's first turn-key in the Philippines.