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    Prysmian Group Secures LNTP For HVDC Submarine Cable Project In UAE

    January 18, 2022 - Fitch Solutions Sector Intelligence


      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Prysmian Group Secures LNTP For HVDC Submarine Cable Project In UAE

      • 18 Jan 2022
      • United Arab Emirates
      • Infrastructure

      News: Samsung C&T has issued a limited notice to proceed (LNTP) to Prysmian Group to supply power cables for a high-voltage direct current (HVDC) submarine cable project in UAE. Under the USD251.0mn contract, Prysmian will deliver engineering and associate works in advance of the full contract award and notice to proceed (NTP), scheduled for Q322. The new link is part of the strategic HVDC transmission system for the ADNOC-TAQA Lightning Project, which includes the installation of 124 km-long submarine cables to be installed under water and 3.5km HVDC land cables. The project is scheduled for commissioning in 2025, according to a press release from Prysmian.

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.


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