Prysmian announced on Monday that it will manufacture the submarine power cables for the ELMED Project - the interconnector linking Italy and Tunisia - at its submarine cable plant in Arco Felice, near Naples.
The decision follows a formal notice to proceed issued by the two project owners: Italy's transmission system operator Terna and Tunisia's electricity grid and gas operator STEG. Prysmian said the work relates to the contract it secured in September last year.
The contract has a value of approximately 460 million ($526 million). Prysmian stated that this amount will be included in its project backlog, reflecting the company's booked work related to the ELMED scheme.
Production of the submarine cables for the interconnector will take place at the company's Arco Felice facility, which the firm identified as the manufacturing site for this contract.
What is confirmed in the announcement
- Prysmian will produce submarine power cables for the ELMED interconnector at its Arco Felice plant near Naples.
- The notice to proceed was issued by Terna and STEG.
- The work stems from a contract awarded to Prysmian in September last year, valued at approximately 460 million ($526 million), and this value will be added to Prysmian's project backlog.
Analytical context and limits
The company statement provides clear confirmation of the manufacturing location and the bookkeeping treatment of the contract value. It does not, however, include further operational details such as production schedule, shipment timelines, staging of deliveries, or explanations of how the work will be phased at the Arco Felice site. Those specifics were not provided in the announcement and remain unspecified.
For stakeholders assessing supply chain and execution risk, the announcement confirms the contract award and the intended manufacturing site, but leaves open questions about timing and operational sequencing that would affect cash flow conversion from backlog to revenue.