Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Prysmian wins $446 million contract with Italian power grid operator Terna
    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 read

    Last updated: January 22, 2026

    Prysmian wins $446 million contract with Italian power grid operator Terna - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityinnovation

    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.

    More from Finance

    Explore more articles in the Finance category

    Image for Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    View All Finance Posts
    Previous Finance PostECB's Kazimir says big unexpected economic shift needed for September rate cut
    Next Finance PostADNOC's Covestro deal in EU crosshairs over subsidies