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Pirelli Energy Cables and Systems awarded a 190 mln dollar contract in US

  • PIRELLI AWARDED A CONTRACT IN THE ENERGY CABLES AND
    SYSTEMS SECTOR IN UNITED STATES WORTH OVER 190 MILLION
    DOLLARS
  • A 65 MILE LONG SUBMARINE LINK WILL INTERCONNECT
    PENNSYLVANIA, MARYLAND, NEW JERSEY GRIDS WITH THE LONG ISLAND AND
    NEW YORK POWER GRIDS
  • THIS CONTRACT IS THE MOST IMPORTANT ONE IN THE ENERGY
    CABLES SECTOR IN 2005

Milan, 21 July 2005 – Pirelli has been awarded a contract
in the Energy Cables and Systems Sector by an American company
Neptune Regional Transmission System LLC, for Engineering,
Procurement and Construction of an high voltage direct current
submarine Cable System that will interconnect the New Jersey grid
at Sayreville and the New York grid at North Hempstead, Long Island
and is worth over 190 million US dollars.

This contract is the most important for submarine power industry in
2005. The project foresees the manufacturing and laying of a 65
mile long submarine power cable system, one of the most
technologically advanced with its capability of transmitting a
continuous capacity of 660MW at a 500kV direct current
voltage.

The whole project, worth over 400 million US dollars, was awarded
to a consortium, including the Energy Cables and Systems Sector of
Pirelli and Siemens Power Transmission and Distribution. Pirelli
Energy Cables and Systems is in the process of becoming a
stand-alone entity along with Pirelli Telecom Cables and Systems
once its acquisition by Goldman Sachs Capital Partners announced on
June 1st is completed. Pirelli will manufacture and install
with its own cableship Giulio Verne the submarine power cable,
which will transmit 660 MegaWatts continuously and not less than
750 MW in overload conditions at a DC voltage of 500 kiloVolts; the
very long length of the cable will require the installation into
two separate campaigns.

In addition, Pirelli will install 20 km of high voltage underground
cables in Long Island, which will interconnect the submarine link
to the nearest terminals, and the medium voltage extruded submarine
and land cable for the return current of the whole system. Siemens
will provide and install the converter stations.

The project will also comprise a 345kV AC Cable System connecting
the Duffy Avenue Converter Station to the Newbridge Road
Interconnection facilities of Long Island Power Authority (LIPA)
and will consist of the first bulk 345kV AC extruded dielectric
underground power cable system installed in the United
States.

This system will allow LIPA to seek energy purchase contracts with
suppliers in Pennsylvania, New Jersey and Maryland and therefore
will potentially increase power availability in New York
area.

The submarine and underground cables will be manufactured at
Italian plant in Arco Felice (Naples). The complete system is
planned to be in operation by July 2007.