Source: Business Wire
Wednesday, July 29, 2009 04:56 PM IST (11:26 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Chemicals, Commodities & materials, Energy companies, Heavy industries
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(BW)(NEXANS)(NEX)Nexans Wins 15 Million Euros Contract to Supply Power Underground Cables to Reinforce Mumbai's Power Transmission Infrastructure
Three Circuits of 220 kV XLPE* Underground Cables will Provide an Extra Power Transmission Capacity across India's Largest City
Paris, France, Wednesday, July 29, 2009 -- (Business Wire India) --
Regulatory News:
Nexans (Paris:NEX), the worldwide leader in the cable industry, has been awarded a 15 million Euros contract by the Tata Power Company Ltd, India's largest private sector power utility, for a project to design, manufacture and supply high voltage underground cables to reinforce the power infrastructure in Mumbai, India's financial capital and the second most populous city in the world.
In a two-year 'total supply and service' contract for Tata Power, starting in 2009, Nexans will deliver five complete circuits of 220 kV cable and associated accessories to provide an extra 300 MVA of power carrying capacity for the underground network linking various EHV (Extra High Voltage) substations across Mumbai.
"Nexans has a long standing relationship with Tata Power going back over 20 years to when we first supplied Mumbai with EHV cables" said Nicholas Ballas, Nexans' Executive Vice President for the Asia-Pacific Area. "The technology has changed, so that we are now supplying new generation of high voltage environmentally friendly XLPE cable. Our relationship has also evolved into a 'total supply and service partnership' in which we support Tata Power throughout every step of the complex EHV project from the concept design to final implementation."
Nexans should supply the cables during 2009 and 2010 to meet Tata Power's project implementation phases, which will continue until 2011. The XLPE cable will be manufactured in Nexans plant located in Hannover, Germany while the accessories will be supplied by the Nexans plant of Cossonay in Switzerland.
Nexans in India
In 2008, the Group has signed an agreement with Polycab, the market leader in the Indian cable industry, to set up a joint venture that is majority-held by Nexans. The new company will manufacture industrial cables as well as medium- and high-voltage cables for India's expanding energy infrastructure market. A new plant is scheduled to start operations in 2011. Over the past few years, Nexans has already supplied and installed 400kV underground power cables to connect hydro power generation plants in the country.
* Cross-linked polyethylene insulation
About Nexans
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 22,400 people and had sales in 2008 of 6.8 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. More information on www.nexans.com
CONTACT DETAILS
Press
Céline Révillon
Tel.: +33(0)1 7323 8412
Celine.revillon@nexans.com
or
Investor Relations
Michel Gédéon
Tel.: +33(0)1 7323 8531
Michel.gedeon@nexans.com
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, CHEMICALS, COMMODITIES, ENERGY, HEAVY INDUSTRIES
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