Finance
Prysmian wins $446 million contract with Italian power grid operator Terna
Published by Global Banking & Finance Review®
Posted on July 28, 2025
1 min readLast updated: January 22, 2026
Quick Summary
Prysmian wins a €382.5M contract with Terna to supply high-voltage cables, supporting Italy's energy modernization and European Green Deal goals.
Prysmian Secures €382.5 Million Contract with Terna for High-Voltage Cables
(Reuters) -Italy's Prysmian has secured a deal with a potential total value of 382.5 million euros ($446.3 million) to supply and maintain high-voltage cables for national power network operator Terna, Prysmian said on Monday.
The three-year contract, which can be extended by one year by Terna, commits the operator to acquire at least 50 km (31 miles) of high-voltage cables each year, and the volume may "rise considerably" based on its requirements, Prysmian said.
The deal will help Terna modernise and upgrade the national electricity grid, in line with the objectives of the European Green Deal and Italy's national energy and climate plans, Prysmian added.
The company said it would manufacture the cables at its southern Italian plant of Pignataro Maggiore, which recently received over 20 million euros in investment to support an increase in capacity.
($1 = 0.8571 euros)
(Reporting by Laura Contemori. Editing by Alvise Armellini and Mark Potter)
Key Takeaways
- •Prysmian secures a €382.5 million contract with Terna.
- •The contract involves supplying high-voltage cables.
- •Terna aims to modernize Italy's electricity grid.
- •The deal aligns with the European Green Deal goals.
- •Cables will be manufactured in Pignataro Maggiore, Italy.
Frequently Asked Questions about Prysmian wins $446 million contract with Italian power grid operator Terna
1What is the total value of the contract secured by Prysmian?
The contract has a potential total value of 382.5 million euros, which is approximately $446.3 million.
2How long is the contract with Terna for high-voltage cables?
The contract is for three years but can be extended by one additional year at Terna's discretion.
3What is the purpose of the deal between Prysmian and Terna?
The deal aims to help Terna modernize and upgrade the national electricity grid in alignment with the European Green Deal and Italy's national energy and climate plans.
4Where will the high-voltage cables be manufactured?
The cables will be manufactured at Prysmian's plant located in Pignataro Maggiore, Italy.
5What recent investment has Prysmian made to support this contract?
Prysmian recently invested over 20 million euros to increase the manufacturing capacity at its southern Italian plant.
