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Stock impact report

Prysmian finalises €600m Marinus Link contract in Australia [Yahoo! Finance]

PRYSMIAN S.P.A. UNSP/ADR (PRYMY) 
NASDAQ:AMEX Investor Relations: prysmiangroup.com/en/investors
Company Research Source: Yahoo! Finance
Marinus Link is a proposed undersea and underground electricity and data interconnector between North West Tasmania and the Latrobe Valley in Victoria. Spanning 255km undersea across Bass Strait and 90km underground with a capacity of 750MW for the first stage, the Marinus Link will facilitate the flow of electricity and telecommunications between the two regions. Prysmian will design, test, supply and install a HVDC (high-voltage direct current) cable system consisting of 320kV single-core cables with XLPE insulation and single-wire armouring, covering both submarine and land sections. The company will also provide a fully integrated PRY-CAM permanent monitoring system. All cables will be constantly monitored using solutions like distributed temperature (DTS) and acoustic sensing (DAS) to measure all key operating parameters of the whole cable system. Submarine cables will be produced at Prysmian's centre of excellence in Arco Felice, Italy, while land cables will be produce Show less Read more
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