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Prysmian to make cables for Italy-Tunisia interconnector in Naples factory

Published by Global Banking & Finance Review

Posted on June 22, 2026

1 min read

· Last updated: June 22, 2026

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Prysmian to Supply Italy-Tunisia Interconnector Cables from Naples Plant

Main Details of the Prysmian Italy-Tunisia Interconnector Project

Project Announcement and Location

MILAN, June 22 (Reuters) - Italy's Prysmian will manufacture in its plant near Naples the cables for a contract it won for the submarine power interconnection between Italy and Tunisia, the company said on Monday.

Project Partners and Scope

Prysmian said Italian transmission group Terna and Tunisian electricity grid and gas operator STEG had sent it the notice to proceed with the construction of the interconnector, called the ELMED Project.

Contract Value and Timeline

  • The contract, worth about €460 million ($526 million) was awarded to Prysmian in September last year.
  • Prysmian said the value of the contract would now be included in its backlog of projects.
  • Cables will be built at Prysmian's submarine cable factory in Arco Felice.
Currency Exchange Rate

($1 = 0.8752 euros)

Reporting Credit

(Reporting by Giulio Piovaccari)

Key Takeaways

  • The ELMED interconnector, awarded to Prysmian in September 2025, links Sicily (Partanna) and Cape Bon (Tunisia) with 200 km of submarine HVDC cable of 600 MW capacity and 500 kV voltage, to a depth of around 800 m (prysmian.com).
  • The project is backed by substantial international funding—including over €300 million from the EU’s Connecting Europe Facility and a $268.4 million World Bank loan to Tunisia—bringing total investments to about €850 million (elmedproject.com).
  • Arco Felice, one of Prysmian’s four submarine cable plants, is a centre of manufacturing excellence in Naples where customised, state‑of‑the‑art subsea cables—including record‑breaking projects like Viking Link—are produced (prysmian.com).

References

Frequently Asked Questions

What contract did Prysmian win related to Italy and Tunisia?
Prysmian won a contract to supply submarine cables for the power interconnection between Italy and Tunisia.
Where will the interconnector cables be manufactured?
The cables will be manufactured at Prysmian's factory in Arco Felice, near Naples, Italy.
Who awarded Prysmian the interconnector contract?
The contract was awarded by Italian transmission group Terna and Tunisian electricity grid and gas operator STEG.
What is the value of the Prysmian interconnector contract?
The contract is worth about €460 million ($526 million).
What is the ELMED Project?
The ELMED Project is the submarine power interconnection initiative between Italy and Tunisia.

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