Industry News

Prysmian named preferred bidder for the Eastern Green Link 4 HVDC cable project

11/03/2025

Prysmian has been named preferred bidder for the Eastern Green Link 4 (EGL4) HVDC cable connection, valued at about โ‚ฌ2 billion, to connect Scotland and England via the North Sea. EGL4 will need around 646 km of cable, including approximately 530 km of subsea cable between Kinghorn (Fife) and Anderby Creek or West Norfolk, plus onshore sections at both ends. This major infrastructure will strengthen the UKโ€™s energy grid and support its clean energy transition.

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Sterlite business unit plans IPO, plans to use funds to launch new cable facility

11/03/2025

Sterlite Electric Ltd., the products and solutions arm of Indiaโ€™s Sterlite group, plans an IPO of about $180 million to fund a new power cable factory in Vadodara, Gujarat, cut debt, and back global expansion, including growing supply to U.S. utilities seeking advanced conductors and grid components. The offer will total roughly 15.6 million shares, split between fresh issuance and an offer for sale, with at least 75% reserved for institutional investors as Sterlite Electric sharpens its position in highโ€‘voltage conductors, HVAC/HVDC cables, and OPGW for more than 70 export markets.

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Nexans secures โ‚ฌ250 million from EIB for projects that include new plant in France

11/03/2025

Nexans has secured โ‚ฌ250 million in financing from the European Investment Bank, with over โ‚ฌ90 million dedicated to a new copper production and recycling plant at its historic Lens site that will lift wire output by more than 50% and recycle up to 80,000 metric tons of copper annually by 2028. The Lens facility, already Franceโ€™s only copper rod foundry, is central to France 2030 and REPowerEU goals and will increasingly supply Nexansโ€™ cable output with on-site recycled copper while additional EIB funds support upgrades at other European plants for offshore wind, interconnectors, and lowโ€‘carbon cables.

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Taihan wins 2 cable contracts from Qatar

11/03/2025

Taihan has secured two extra-high voltage, full turn-key power grid projects in Qatar worth about 160 million dollars, covering design, manufacturing, installation, and testing of 400 kV and 220 kV networks for Kahramaa. The wins highlight Qatarโ€™s demanding technical standards and Taihanโ€™s growing Middle East presence.

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