Nexans signs a 80 million euros contract to supply power infrastructures cables in Qatar
Paris, June 30, 2008 – Nexans, the worldwide leader in the cable industry, has been awarded an order worth 80 million euros for a power transmission system project by the Qatar General Electricity and Water Corporation (KAHRAMAA).
This contract has been signed by a consortium led by Prysmian, for a global project amount of 168 million euros.
Both Groups will supply engineering, production, installation and commissioning services for 161 km of High Voltage and Extra High Voltage underground power cables (132 kV and 220 kV).
The installation should start in 2008 and the scheduled completion date is January 2010.
With energy as the basis of its development, Nexans, the worldwide leader in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry, building and Local Area Network markets. Nexans addresses a series of market segments from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear power, automotive, electronics, aeronautics, handling and automation. With an industrial presence in 39 countries and commercial activities worldwide, Nexans employs 22,800 people and had sales in 2007 of 7.4 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. More information on www.nexans.com