Finance
Prysmian wins 460 million euros power cable deal connecting Italy to Tunisia
Published by Global Banking and Finance Review
Posted on September 26, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 26, 2025
1 min readLast updated: January 21, 2026
Prysmian secures a €460M contract to build a submarine power cable connecting Italy and Tunisia, enhancing clean energy initiatives.
(Reuters) -Italy's cable maker Prysmian has won a contract to build a submarine power cable connecting Italy and Tunisia, it said on Friday in a statement.
The contract, awarded by tender of Italy's power grid operator Terna and the Tunisian electricity grid operator STEG under the Elmed Project, could reach a value of around 460 million euros ($536.59 million), subject to certain conditions, Prysmian said.
The power line will go from the Partanna electrical substation in Sicily to the Mlaabi substation on the Tunisian Cap Bon peninsula.
"The interconnector will benefit both countries and support the global shift toward cleaner energy," Prysmian's EVP Transmission BU Raul Gil said.
($1 = 0.8573 euros)
(Reporting by Laura Contemori, editing by Matt Scuffham)
The contract awarded to Prysmian could reach a value of around 460 million euros, which is approximately $536.59 million.
The contract was awarded by Italy's power grid operator Terna and the Tunisian electricity grid operator STEG under the Elmed Project.
The power line will connect from the Partanna electrical substation in Sicily, Italy, to the Mlaabi substation on the Tunisian Cap Bon peninsula.
The interconnector will benefit both countries and support the global shift toward cleaner energy, according to Prysmian's EVP Transmission BU Raul Gil.
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