Nexans (Euronext: NEX), the French cable manufacturer, has been awarded a $106m contract by Nalcor Energy in Canada.
The deal involves equipping an interconnection between Labrador and Newfoundland and entails the manufacturing, supplying and laying of a 100 KM subsea high voltage direct current (HVDC) cable
The Nexans submarine HVDC cable is rated at 900 MW and has a total length of 1100 km and its main purpose will be to bring power from Labrador to the island portion of the province to meet its growing electricity needs.
The HVDC cables will be manufactured at NVC, Nexans’ factory in Tokyo.
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